Axos Financial (AX) 10-Q 30 Apr 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2024	Apr. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-37709
Entity Registrant Name	AXOS FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0867444
Entity Address, Address Line One	9205 West Russell Road, Suite 400
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89148
City Area Code	858
Local Phone Number	649-2218
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	AX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,967,483
Entity Central Index Key	0001299709
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 2,129,772	$ 2,233,027
Restricted cash	216,139	149,059
Total cash, cash equivalents and restricted cash	2,345,911	2,382,086
Trading securities	592	758
Available-for-sale securities	207,582	232,350
Stock of regulatory agencies	22,264	21,510
Loans held for sale, carried at fair value	16,239	23,203
Loans held for sale, lower of cost or fair value	0	776
Loans—net of allowance for credit losses of $257,522 as of March 31, 2024 and $166,680 as of June 30, 2023	18,733,455	16,456,728
Servicing rights, carried at fair value	28,130	25,443
Securities borrowed	105,853	134,339
Customer, broker-dealer and clearing receivables	292,630	374,074
Goodwill and other intangible assets—net	144,324	152,149
Other assets	745,153	545,053
TOTAL ASSETS	22,642,133	20,348,469
Deposits:
Non-interest bearing	2,758,596	2,898,150
Interest bearing	16,344,936	14,224,958
Total deposits	19,103,532	17,123,108
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	330,389	361,779
Securities loaned	119,800	159,832
Customer, broker-dealer and clearing payables	387,176	445,477
Accounts payable and other liabilities	414,943	251,114
Total liabilities	20,445,840	18,431,310
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized; 70,033,523 shares issued and 57,079,429 shares outstanding as of March 31, 2024; 69,465,446 shares issued and 58,943,035 shares outstanding as of June 30, 2023	700	695
Additional paid-in capital	502,489	479,878
Accumulated other comprehensive income (loss)—net of income tax	(3,064)	(6,610)
Retained earnings	2,080,745	1,735,609
Treasury stock, at cost; 12,954,094 shares as of March 31, 2024 and 10,522,411 shares as of June 30, 2023	(384,577)	(292,413)
Total stockholders’ equity	2,196,293	1,917,159
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 22,642,133	$ 20,348,469

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
ASSETS
Allowance for loan and lease losses	$ 257,522	$ 166,680
STOCKHOLDERS’ EQUITY:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	70,033,523	69,465,446
Common stock, shares outstanding (in shares)	57,079,429	58,943,035
Treasury stock, at cost (in shares)	12,954,094	10,522,411

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 405,280	$ 279,864	$ 1,090,106	$ 743,863
Securities borrowed and customer receivables	5,701	5,137	16,163	13,842
Investments and other	32,583	22,333	95,910	53,003
Total interest and dividend income	443,564	307,334	1,202,179	810,708
INTEREST EXPENSE:
Deposits	176,737	98,439	483,028	202,292
Advances from the Federal Home Loan Bank	735	4,454	1,794	12,121
Securities loaned	376	1,307	1,835	3,317
Other borrowings	4,110	4,152	14,155	13,611
Total interest expense	181,958	108,352	500,812	231,341
Net interest income	261,606	198,982	701,367	579,367
Total provision for credit losses	6,000	5,500	26,500	17,251
Net interest income, after provision for credit losses	255,606	193,482	674,867	562,116
NON-INTEREST INCOME:
Broker-dealer fee income	12,087	13,745	37,083	32,735
Advisory fee income	8,105	6,879	23,686	20,821
Banking and service fees	8,876	8,443	27,287	25,100
Mortgage banking and servicing rights income	2,180	1,107	6,811	5,113
Prepayment penalty fee income	1,915	2,072	4,535	4,014
Gain on acquisition	0	0	92,397	0
Total non-interest income	33,163	32,246	191,799	87,783
NON-INTEREST EXPENSE:
Salaries and related costs	67,419	53,046	182,113	149,762
Data and operational processing	18,243	15,808	52,653	44,462
Depreciation and amortization	7,221	5,671	19,587	17,722
Advertising and promotional	10,282	11,786	30,451	29,055
Professional services	9,073	6,747	24,860	23,289
Occupancy and equipment	4,254	3,873	12,101	11,610
FDIC and regulatory fees	5,232	3,859	13,616	11,163
Broker-dealer clearing charges	4,459	3,356	14,419	9,924
General and administrative expense	7,045	6,898	25,773	38,171
Total non-interest expense	133,228	111,044	375,573	335,158
INCOME BEFORE INCOME TAXES	155,541	114,684	491,093	314,741
INCOME TAXES	44,821	34,834	145,957	94,932
NET INCOME	110,720	79,850	345,136	219,809
COMPREHENSIVE INCOME	$ 111,575	$ 81,222	$ 348,682	$ 217,169
Basic earnings per common share (in dollars per share)	$ 1.94	$ 1.33	$ 5.98	$ 3.67
Diluted earnings per common share (in dollars per share)	$ 1.91	$ 1.32	$ 5.88	$ 3.63

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 110,720	$ 79,850	$ 345,136	$ 219,809
Net unrealized gain (loss) from available-for-sale securities, net of income tax expense (benefit) of $356 and $588 for the three months ended and $1,526 and $(1,130) for the nine months ended March 31, 2024 and 2023, respectively.	855	1,372	3,546	(2,640)
Other comprehensive income (loss)	855	1,372	3,546	(2,640)
COMPREHENSIVE INCOME	$ 111,575	$ 81,222	$ 348,682	$ 217,169

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) from available-for-sale securities, tax expense (benefit)	$ 356	$ 588	$ 1,526	$ (1,130)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss), Net of Income Tax	Retained Earnings
Common stock, issued, beginning balance (in shares) at Jun. 30, 2022		68,859,722
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2022			(9,081,773)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2022		59,777,949
Stockholder's equity, beginning balance at Jun. 30, 2022	$ 1,642,973	$ 689	$ (237,011)	$ 453,784	$ (2,933)	$ 1,428,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	219,809					219,809
Other comprehensive income (loss)	(2,640)				(2,640)
Purchase of treasury stock (in shares)		(849,081)	(849,081)
Purchase of treasury stock	(31,605)		$ (31,605)
Stock-based compensation activity, issued (in shares)		480,811
Stock-based compensation activity, treasury stock (in shares)			(54,555)
Stock-based compensation activity, outstanding (in shares)		426,256
Stock-based compensation activity	15,567	$ 5	$ (3,587)	19,149
Common stock, issued, ending balance (in shares) at Mar. 31, 2023		69,340,533
Common stock, treasury, ending balance (in shares) at Mar. 31, 2023			(9,985,409)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2023		59,355,124
Stockholder's equity, ending balance at Mar. 31, 2023	1,844,104	$ 694	$ (272,203)	472,933	(5,573)	1,648,253
Common stock, issued, beginning balance (in shares) at Dec. 31, 2022		69,153,591
Common stock, treasury, beginning balance (in shares) at Dec. 31, 2022			(9,153,512)
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2022		60,000,079
Stockholder's equity, beginning balance at Dec. 31, 2022	1,787,559	$ 692	$ (239,941)	465,350	(6,945)	1,568,403
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	79,850					79,850
Other comprehensive income (loss)	1,372				1,372
Purchase of treasury stock (in shares)		(849,081)	(849,081)
Purchase of treasury stock	(31,605)		$ (31,605)
Stock-based compensation activity, issued (in shares)		186,942
Stock-based compensation activity, treasury stock (in shares)			17,184
Stock-based compensation activity, outstanding (in shares)		204,126
Stock-based compensation activity	6,928	$ 2	$ (657)	7,583
Common stock, issued, ending balance (in shares) at Mar. 31, 2023		69,340,533
Common stock, treasury, ending balance (in shares) at Mar. 31, 2023			(9,985,409)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2023		59,355,124
Stockholder's equity, ending balance at Mar. 31, 2023	$ 1,844,104	$ 694	$ (272,203)	472,933	(5,573)	1,648,253
Common stock, issued, beginning balance (in shares) at Jun. 30, 2023	69,465,446	69,465,446
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2023	(10,522,411)		(10,522,411)
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2023	58,943,035	58,943,035
Stockholder's equity, beginning balance at Jun. 30, 2023	$ 1,917,159	$ 695	$ (292,413)	479,878	(6,610)	1,735,609
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	345,136					345,136
Other comprehensive income (loss)	3,546				3,546
Purchase of treasury stock (in shares)		(2,267,610)	(2,267,610)
Purchase of treasury stock	(83,781)		$ (83,781)
Stock-based compensation activity, issued (in shares)		568,077
Stock-based compensation activity, treasury stock (in shares)			(164,073)
Stock-based compensation activity, outstanding (in shares)		404,004
Stock-based compensation activity	$ 14,233	$ 5	$ (8,383)	22,611
Common stock, issued, ending balance (in shares) at Mar. 31, 2024	70,033,523	70,033,523
Common stock, treasury, ending balance (in shares) at Mar. 31, 2024	(12,954,094)		(12,954,094)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2024	57,079,429	57,079,429
Stockholder's equity, ending balance at Mar. 31, 2024	$ 2,196,293	$ 700	$ (384,577)	502,489	(3,064)	2,080,745
Common stock, issued, beginning balance (in shares) at Dec. 31, 2023		69,828,709
Common stock, treasury, beginning balance (in shares) at Dec. 31, 2023			(12,930,332)
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2023		56,898,377
Stockholder's equity, beginning balance at Dec. 31, 2023	2,078,224	$ 698	$ (381,848)	493,268	(3,919)	1,970,025
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110,720					110,720
Other comprehensive income (loss)	855				855
Purchase of treasury stock (in shares)		(12,101)	(12,101)
Purchase of treasury stock	(595)		$ (595)
Stock-based compensation activity, issued (in shares)		204,814
Stock-based compensation activity, treasury stock (in shares)			(11,661)
Stock-based compensation activity, outstanding (in shares)		193,153
Stock-based compensation activity	$ 7,089	$ 2	$ (2,134)	9,221
Common stock, issued, ending balance (in shares) at Mar. 31, 2024	70,033,523	70,033,523
Common stock, treasury, ending balance (in shares) at Mar. 31, 2024	(12,954,094)		(12,954,094)
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2024	57,079,429	57,079,429
Stockholder's equity, ending balance at Mar. 31, 2024	$ 2,196,293	$ 700	$ (384,577)	$ 502,489	$ (3,064)	$ 2,080,745

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 345,136	$ 219,809
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	19,587	17,722
Other accretion and amortization	(37,917)	(624)
Stock-based compensation expense	22,616	19,154
Trading activity	166	1,358
Provision (benefit) for credit losses - loans	26,500	17,251
Deferred income taxes	(15,005)	(10,274)
Origination of loans held for sale	(144,731)	(158,500)
Unrealized and realized gains on loans held for sale	(6,089)	(5,650)
Proceeds from sale of loans held for sale	154,892	160,696
Changes in servicing rights	(1,803)	375
Gain on FDIC Loan Purchase	(92,397)	0
Gain on repurchase of subordinated notes	(742)	0
Net change in assets and liabilities which provide (use) cash:
Securities borrowed	28,486	251,687
Customer, broker-dealer and clearing receivables	81,444	94,058
Other Assets	(51,254)	(29,287)
Securities loaned	(40,032)	(359,787)
Customer, broker-dealer and clearing payables	(58,301)	(105,562)
Accounts payable and other liabilities	31,154	6,821
Net cash provided by operating activities	261,710	119,247
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale securities	(9,612)	(30,000)
Proceeds from sale and repayment of available-for-sale securities	39,391	9,735
Purchase of stock of regulatory agencies	0	(108,724)
Proceeds from redemption of stock of regulatory agencies	0	108,724
Origination of loans held for investment	(8,040,181)	(6,235,451)
Proceeds from sale of loans originally classified as held for investment	0	14,185
Mortgage warehouse loan activity, net	90,708	118,185
Proceeds from sale of other real estate owned and repossessed assets	4,401	2,311
Proceeds from BOLI claim settlement	0	2,778
Acquisition of business activity, net of cash acquired	0	(5,531)
Purchase of loans and leases, net of discounts and premiums	(841,408)	(914)
Principal repayments on loans	6,626,839	4,336,424
Purchases of furniture, equipment, software and intangibles	(25,473)	(19,698)
Net cash used in investing activities	(2,155,335)	(1,807,976)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	1,980,424	2,792,446
Repayments of the Federal Home Loan Bank term advances	0	(27,500)
Net (repayment) proceeds of other borrowings	(27,200)	(111,500)
Tax payments related to settlement of restricted stock units	(8,383)	(3,587)
Purchase of treasury stock	(83,178)	(31,605)
Repurchase of subordinated notes	(4,213)	0
Net cash provided by financing activities	1,857,450	2,618,254
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(36,175)	929,525
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of year	2,382,086	1,574,699
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period	2,345,911	2,504,224
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on interest-bearing liabilities	502,364	228,369
Income taxes paid	144,086	108,272
Transfers to other real estate and repossessed vehicles from loans held for investment	4,118	8,206
Transfers from loans held for investment to loans held for sale	0	14,185
Transfers from loans held for sale to loans and leases held for investment	2,783	690
Operating lease liabilities from obtaining right of use assets	$ 5,767	$ 1,110

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries. Axos Bank (the “Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities constitute the Banking Business segment, and Axos Nevada Holding, LLC (“Axos Nevada Holding”) and its wholly owned subsidiaries constitute the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements. The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Certain amounts reported in prior periods have been reclassified to conform with the current presentation. Results for the three and nine months ended March 31, 2024 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or not repeated herein pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2023 included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (“2023 Form 10-K”) filed with the SEC. Significant Accounting Policies For further information regarding the Company’s significant accounting policies see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K. During the three and nine months ended March 31, 2024, there were no significant updates to the Company’s significant accounting policies, other than as noted below and the adoption of the accounting standards noted herein. Purchased Credit Deteriorated (“PCD”) Loans. Purchased loans that reflect a more-than-insignificant deterioration of credit since their origination are considered PCD. For PCD loans, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition. The initial amortized cost of PCD loans is determined by reducing the loans’ par value by the acquisition date estimate of expected credit losses with any difference between the resulting amount and the loans’ purchase price recorded as a non-credit-related discount. Subsequent changes in the initial estimate of expected credit losses are recognized in the provision for credit losses in the Company’s Consolidated Statements of Income. Restricted cash. Restricted cash includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other regulations. Restricted cash also includes certain other cash balances which are restricted as to the Company’s withdrawal or usage based upon the terms of the corresponding agreements. New Accounting Standards Recently Adopted Accounting Standards The Financial Accounting Standards Board (“FASB”) issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company adopted these ASUs on July 1, 2023, and there was no impact on its financial condition or results of operations upon adoption. In March 2022, the FASB issued ASU 2022-02 which eliminated the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit losses (“CECL”) model and enhanced the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The Company adopted this ASU on a prospective basis on July 1, 2023, and there was no impact on its financial condition or results of operations upon adoption. See Note 5 — “Loans & Allowance for Credit Losses” for the new disclosures as a result of the adoption of this accounting guidance. Accounting Standards Issued But Not Yet Adopted In November 2023, the FASB issued ASU 2023-07 which requires disclosure of significant business segment expenses and a description of the composition of other segment expenses by business segment. The ASU also requires disclosure of the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-09 which requires further granularity on the disclosure of income taxes, including: • Certain prescribed line items in the income tax rate reconciliation presented both in dollar and percentage terms; • Income taxes paid, income before income taxes and income taxes disaggregated by federal, state and foreign taxes; and • Further disaggregation of income taxes paid by any individual jurisdiction equal to or exceeding five percent of total income taxes paid. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS On August 23, 2023, the Company acquired approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million, primarily consisting of servicing rights and the addition of certain employees. The transaction was accounted for as an asset acquisition and such assets are included in the Company’s unaudited Condensed Consolidated Balance Sheets as of March 31, 2024. On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios, comprising both PCD and non-PCD loans, with an aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million, reflecting a non-credit-related discount of $306.8 million and an allowance for credit losses on PCD loans of $70.1 million, (the “FDIC Loan Purchase”). Also included in the acquisition were certain related interest rate derivative assets and liabilities with a fair value of $109.0 million and $104.4 million, respectively, as of the date of the acquisition and whose maturities generally align with those of the loans acquired. The acquisition of the non-PCD loans and interest rate derivatives was accounted for as a purchase of financial assets and liabilities, and the Company recognized a $92.4 million gain on the transaction included in “Gain on acquisition” in the Unaudited Condensed Consolidated Statement of Income. For additional information on PCD loans, see Note 1 — “Summary of Significant Accounting Policies,” and for additional information on the Company’s loans and derivative instruments, see Note 5 — “Loans & Allowance Credit Losses” and Note 6 — “Derivatives,” respectively. The following table summarizes the PCD loans acquired in the FDIC Loan Purchase: (Dollars in thousands) Total Unpaid principal balance $ 341,301 Non-credit discount (100,686) Allowance for credit losses at acquisition (70,097) Purchase price $ 170,518

FAIR VALUE

FAIR VALUE	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2024 and June 30, 2023. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement: March 31, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 592 $ — $ 592 Available-for-sale securities: Agency MBS 27,481 — 27,481 Non-Agency MBS — 176,679 176,679 Municipal 3,422 — 3,422 Total—Available-for-sale securities: $ 30,903 $ 176,679 $ 207,582 Loans held for sale $ 16,239 $ — $ 16,239 Servicing rights $ — $ 28,130 $ 28,130 Other assets—Derivative instruments $ 106,392 $ — $ 106,392 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,635 $ — $ 102,635 June 30, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 758 $ — $ 758 Available-for-sale securities: Agency MBS 23,947 — 23,947 Non-Agency MBS — 205,005 205,005 Municipal 3,398 — 3,398 Total—Available-for-sale securities: $ 27,345 $ 205,005 $ 232,350 Loans held for sale $ 23,203 $ — $ 23,203 Servicing rights $ — $ 25,443 $ 25,443 Other assets—Derivative instruments $ 919 $ — $ 919 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 691 $ — $ 691 The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended March 31, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening balance $ 207,708 $ 28,043 $ 235,751 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (152) (152) Included in other comprehensive income 1,517 — 1,517 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 239 239 Settlements (32,546) — (32,546) Closing balance $ 176,679 $ 28,130 $ 204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (152) $ (152) For the Nine Months Ended March 31, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 213 213 Included in other comprehensive income 4,708 — 4,708 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,474 2,474 Settlements (33,034) — (33,034) Closing balance $ 176,679 $ 28,130 $ 204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 213 $ 213 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.4 million and $0.9 million for the three and nine months ended March 31, 2024 and an increase in servicing rights value resulting from market-driven changes in interest rates of $0.2 million for the three months ended March 31, 2024 and an increase of $1.1 million for the nine months ended March 31, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months Ended March 31, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 175,123 $ 25,526 $ 18 $ 200,667 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (282) (674) (956) Included in other comprehensive income 1,231 — — 1,231 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 152 — 30,152 Settlements (54) — — (54) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (282) $ (674) $ (956) For the Nine Months Ended March 31, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (375) (1,120) (1,495) Included in other comprehensive income (3,384) — — (3,384) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 558 — 30,558 Settlements (7,130) — — (7,130) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (375) $ (1,120) $ (1,495) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.2 million and $0.7 million for the three and nine months ended March 31, 2023, respectively, and a decrease in servicing rights value resulting from market-driven changes in interest rates of $0.1 million for the three months ended March 31, 2023 and an increase of $0.3 million for the nine months ended March 31, 2023. Additions to servicing rights were retained upon sale of loans held for sale. The table below summarizes the quantitative information about Level 3 fair value measurements: March 31, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 176,679 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps 0.0 to 62.3% (42.8%) 0.0 to 25.6% (2.9%) 0.0 to 68.7% (33.7%) 2.5 to 6.5% (2.5%) Servicing Rights $ 28,130 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 205,005 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 59.7% (32.0%) 0.0 to 7.5% (2.4%) 0.0 to 68.7% (28.5%) 2.6 to 7.5% (2.7%) Servicing Rights $ 25,443 Discounted Cash Flow Projected Constant Prepayment Rate, 6.1 to 40.1% (12.6%) 1.8 to 10.9 (7.7) 9.5 to 11.5% (9.6%) 1 The weighted average for Available-for-sale securities: Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced. For non-agency mortgage-backed securities, significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the projected loss severity and a directionally opposite change in the assumption used for projected prepayment rates. For servicing rights, significant increases in projected prepayment rates or discount rates in isolation would result in a significantly lower fair value measurement, while a significant increase in expected life in isolation would result in a significantly higher fair value measurement. Generally, a change in the projected prepayment rates is accompanied by a directionally opposite change in expected life. The aggregate fair value of loans held for sale, carried at fair value, the contractual balance (including accrued interest), and the unrealized gain were: (Dollars in thousands) March 31, 2024 June 30, 2023 Aggregate fair value $ 16,239 $ 23,203 Contractual balance 15,784 22,844 Unrealized gain $ 455 $ 359 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Interest income $ 208 $ 99 $ 538 $ 252 Change in fair value 118 51 22 (280) Total $ 326 $ 150 $ 560 $ (28) The table below summarizes assets measured at fair value on a non-recurring basis: March 31, 2024 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 1,765 $ 1,765 Autos — — 1,102 1,102 Total $ — $ — $ 2,867 $ 2,867 June 30, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 5,574 $ 5,574 Multifamily real estate — — 1,392 1,392 Autos — — 1,133 1,133 Total $ — $ — $ 8,099 $ 8,099 Other real estate owned and foreclosed assets, which are measured at the lower of carrying value or fair value less costs to sell, had a net carrying amount of $2.9 million at March 31, 2024, after write-downs of $1.7 million, and a net carrying amount of $8.1 million at June 30, 2023, after write-downs of $1.7 million. The following table presents quantitative information about Level 3 fair value measurements for other real estate owned measured at fair value on a non-recurring basis: March 31, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 1,765 Sales comparison approach Differences between the comparable sales 79.7 to 97.4% (79.7%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 5,574 Sales comparison approach Differences between the comparable sales 62.1 to 93.6% (62.1%) Multifamily real estate $ 1,392 Sales comparison approach and income approach Differences between the comparable sales and differences in net operating income expectations, capitalization rate 49.8 to 54.5% (49.8%) 1 For other real estate owned the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. The weighted average is based on the relative fair value of comparable sales. Fair Value of Financial Instruments Carrying amounts and estimated fair values of financial instruments at March 31, 2024 and June 30, 2023 were: March 31, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,345,911 $ 2,345,911 $ — $ — $ 2,345,911 Trading securities 592 — 592 — 592 Available-for-sale securities 207,582 — 30,903 176,679 207,582 Stock of regulatory agencies 22,264 — 22,264 — 22,264 Loans held for sale, at fair value 16,239 — 16,239 — 16,239 Loans held for investment—net 18,733,455 — — 18,692,795 18,692,795 Securities borrowed 105,853 — — 111,696 111,696 Customer, broker-dealer and clearing receivables 292,630 — — 303,516 303,516 Servicing rights 28,130 — — 28,130 28,130 Other assets - derivative instruments 106,392 — 106,392 — 106,392 Financial liabilities: Total deposits 19,103,532 — 19,006,497 — 19,006,497 Advances from the Federal Home Loan Bank 90,000 — 83,966 — 83,966 Borrowings, subordinated notes and debentures 330,389 — 303,856 — 303,856 Securities loaned 119,800 — — 119,584 119,584 Customer, broker-dealer and clearing payables 387,176 — — 387,176 387,176 Accounts payable and other liabilities - derivative instruments 102,635 — 102,635 — 102,635 June 30, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,382,086 $ 2,382,086 $ — $ — $ 2,382,086 Trading securities 758 — 758 — 758 Available-for-sale securities 232,350 — 27,345 205,005 232,350 Stock of regulatory agencies 21,510 — 21,510 — 21,510 Loans held for sale, at fair value 23,203 — 23,203 — 23,203 Loans held for sale, at lower of cost or fair value 776 — — 780 780 Loans held for investment—net 16,456,728 — — 16,417,183 16,417,183 Securities borrowed 134,339 — — 143,461 143,461 Customer, broker-dealer and clearing receivables 374,074 — — 386,082 386,082 Servicing rights 25,443 — — 25,443 25,443 Other assets - derivative instruments 919 — 919 — 919 Financial liabilities: Total deposits 17,123,108 — 17,064,084 — 17,064,084 Advances from the Federal Home Loan Bank 90,000 — 83,192 — 83,192 Borrowings, subordinated notes and debentures 361,779 — 327,564 — 327,564 Securities loaned 159,832 — — 159,416 159,416 Customer, broker-dealer and clearing payables 445,477 — — 445,447 445,447 Accounts payable and other liabilities - derivative instruments 691 — 691 — 691 The carrying amount represents the estimated fair value for cash and cash equivalents and restricted cash, stock of regulatory agencies, interest bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available-for-sale securities, loans held for sale and derivatives can be found in Note 3 — “Fair Value” of the 2023 Form 10-K. The fair value of off-balance sheet items is not significant.

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES	9 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
AVAILABLE-FOR-SALE SECURITIES	AVAILABLE-FOR-SALE SECURITIES The amortized cost and fair value of available-for-sale securities were: March 31, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 30,121 $ 122 $ (2,762) $ 27,481 Non-agency 2 177,236 950 (1,507) 176,679 Total mortgage-backed securities 207,357 1,072 (4,269) 204,160 Municipal 3,754 — (332) 3,422 Total available-for-sale securities $ 211,111 $ 1,072 $ (4,601) $ 207,582 June 30, 2023 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 27,024 $ — $ (3,077) $ 23,947 Non-agency 2 210,271 711 (5,977) 205,005 Total mortgage-backed securities 237,295 711 (9,054) 228,952 Municipal 3,656 — (258) 3,398 Total available-for-sale securities $ 240,951 $ 711 $ (9,312) $ 232,350 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. No credit losses were recognized on available-for-sale securities in the three and nine months ended March 31, 2024 and March 31, 2023. Based on the underlying government guarantees and other credit protection supporting the Company’s securities, no allowance for credit losses for available-for-sale securities was recorded at March 31, 2024 and June 30, 2023. The Company has no allowance for the available-for-sale securities in an unrealized loss position based on an analysis of: (1) the credit characteristics of the securities, including the forecasted cash flows, credit ratings, credit enhancement, and external government backing, as applicable, and (2) whether the Company is intending to sell or is required to sell any securities before recovering the amortized cost basis of the securities. The unrealized losses on available-for-sale securities are primarily driven by the increase in interest rates since the securities were purchased. The face amounts of available-for-sale securities pledged to secure borrowings at March 31, 2024 and June 30, 2023 were $0.8 million and $0.9 million, respectively. During the nine months ended March 31, 2024, the Company sold a $4.8 million available-for-sale security with no realized gain or loss. There were no sales of available-for sale securities during the three months ended March 31, 2024 and 2023, and during the nine months ended March 31, 2023. Securities in an unrealized loss position based on the length of time the individual securities have been in a continuous unrealized loss position were: March 31, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,650 $ (26) $ 19,725 $ (2,736) $ 22,375 $ (2,762) Non-agency 10,407 (27) 133,506 (1,480) 143,913 (1,507) Total MBS 13,057 (53) 153,231 (4,216) 166,288 (4,269) Municipal — — 3,422 (332) 3,422 (332) Total available-for-sale securities $ 13,057 $ (53) $ 156,653 $ (4,548) $ 169,710 $ (4,601) June 30, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 3,182 $ (16) $ 20,642 $ (3,061) $ 23,824 $ (3,077) Non-agency 107,982 (1,808) 95,385 (4,169) 203,367 (5,977) Total MBS 111,164 (1,824) 116,027 (7,230) 227,191 (9,054) Municipal — — 3,398 (258) 3,398 (258) Total available-for-sale securities $ 111,164 $ (1,824) $ 119,425 $ (7,488) $ 230,589 $ (9,312) The components of the Company’s accumulated other comprehensive income (loss) are as follows: (Dollars in thousands) March 31, June 30, Available-for-sale securities—net unrealized gains (losses) $ (3,529) $ (8,601) Available-for-sale securities—non-credit related (845) (845) Subtotal (4,374) (9,446) Tax benefit (expense) 1,310 2,836 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (3,064) $ (6,610) The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our municipal securities, which is based on the contractual maturity: As of March 31, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 30,121 $ 7,085 $ 13,840 $ 6,950 $ 2,246 Non-Agency $ 177,236 $ 153,214 $ 21,652 $ 1,322 $ 1,048 Total MBS $ 207,357 $ 160,299 $ 35,492 $ 8,272 $ 3,294 Municipal $ 3,754 $ — $ — $ — $ 3,754 Available-for-sale—Amortized cost $ 211,111 $ 160,299 $ 35,492 $ 8,272 $ 7,048 Available-for-sale—Fair value $ 207,582 $ 158,860 $ 34,292 $ 7,794 $ 6,636

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The Company categorizes the loan portfolio into six segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate, Auto & Consumer and Other. For further detail of the segments of the Company’s loan portfolio, refer to Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K. The following table sets forth the composition of the loan portfolio: (Dollars in thousands) March 31, 2024 June 30, 2023 Single Family - Mortgage & Warehouse $ 4,122,726 $ 4,173,833 Multifamily and Commercial Mortgage 1 4,001,056 3,082,225 Commercial Real Estate 1 5,912,988 6,199,818 Commercial & Industrial - Non-RE 4,827,531 2,639,650 Auto & Consumer 450,765 546,264 Other 1,896 10,236 Total gross loans 19,316,962 16,652,026 Allowance for credit losses - loans (257,522) (166,680) Unaccreted premiums (discounts) and loan fees (325,985) (28,618) Total net loans $ 18,733,455 $ 16,456,728 1 Includes PCD loans of $285.4 million in Multifamily and Commercial Mortgage and $44.5 million in Commercial Real Estate as of March 31, 2024. For further detail on PCD loans refer to Note 1—“Summary of Significant Accounting Policies”. Accrued interest receivable on loans held for investments totaled $103.3 million and $77.9 million as of March 31, 2024 and June 30, 2023, respectively. At March 31, 2024 and June 30, 2023, the Company has pledged certain loans totaling $5,226.4 million and $5,128.4 million, respectively, to the Federal Home Loan Bank (“FHLB”) and $7,834.9 million and $3,689.5 million, respectively, to the Federal Reserve Bank of San Francisco (“FRBSF”). The following table presents the components of the provision for credit losses: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Provision for credit losses - loans $ 9,000 $ 5,500 $ 27,250 $ 17,750 Provision for credit losses - unfunded lending commitments (3,000) — (750) (499) Total provision for credit losses $ 6,000 $ 5,500 $ 26,500 $ 17,251 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: For the Three Months Ended March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2024 $ 15,356 $ 78,353 $ 77,778 $ 69,201 $ 11,052 $ 9 $ 251,749 Allowance for credit losses at acquisition of PCD loans — — — — — — — Provision (benefit) for credit losses - loans 1,629 (1,856) 5,064 2,809 1,355 (1) 9,000 Charge-offs (90) (139) — — (3,776) — (4,005) Recoveries 70 — — — 708 — 778 Balance at March 31, 2024 $ 16,965 $ 76,358 $ 82,842 $ 72,010 $ 9,339 $ 8 $ 257,522 For the Three Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2023 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 Provision (benefit) for credit losses - loans (1,583) (1,156) (3,782) 10,698 1,329 (6) 5,500 Charge-offs (9) — — — (2,413) — (2,422) Recoveries 413 — — — 584 — 997 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Nine Months Ended March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,212 $ 15 $ 166,680 Allowance for credit losses at acquisition of PCD loans — 58,972 11,125 — — — 70,097 Provision (benefit) for credit losses - loans (461) 677 (1,038) 25,749 2,330 (7) 27,250 Charge-offs (170) (139) — (86) (8,378) — (8,773) Recoveries 93 — — — 2,175 — 2,268 Balance at March 31, 2024 $ 16,965 $ 76,358 $ 82,842 $ 72,010 $ 9,339 $ 8 $ 257,522 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans (1,347) (354) (953) 15,910 4,510 (16) 17,750 Charge-offs (307) — — — (6,646) — (6,953) Recoveries 436 — — 18 1,425 — 1,879 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the three months ended March 31, 2024, the allowance for credit losses for loans increased primarily due to loan growth in the Commercial & Industrial - Non-RE portfolio and an increase in the Commercial Real Estate portfolio reflecting changes in the underlying macroeconomic variables. For the nine months ended March 31, 2024, the increase in the provision for credit losses was primarily due to loan growth in the Commercial & Industrial - Non-RE portfolio and the loans acquired in the FDIC Loan Purchase. L oan products within each portfolio contain varying collateral types which impact the estimate of the loss given default utilized in the calculation of the allowance. For further discussion of the model method of estimating expected lifetime credit losses to Note 1 — “Organizations and Summary of Significant Accounting Policies” within the 2023 Form 10-K. The following tables present a summary of the activity in the allowance for credit losses for off-balance sheet lending commitments: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Balance at January 1, $ 12,723 $ 10,474 Provision for credit losses - unfunded lending commitments (3,000) — Balance at March 31, $ 9,723 $ 10,474 Nine Months Ended March 31, (Dollars in thousands) 2024 2023 Balance at July 1, $ 10,473 $ 10,973 Provision for credit losses - unfunded lending commitments (750) (499) Balance at March 31, $ 9,723 $ 10,474 The decrease in the allowance for off-balance sheet lending commitments for the three and nine months ended March 31, 2024, was primarily driven by a change in the underlying mix of Commercial & Industrial - Non-RE unfunded commitments. The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of March 31, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 48.8 % 56.2 % 55.2 % 39.4 % Median LTV 53.1 % 55.0 % 50.0 % 42.0 % The Company’s effective weighted-average LTV was 45.2% for loans within its real estate portfolio originated during the three months ended March 31, 2024. Credit Quality Disclosures. The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment: March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,071,384 $ 3,962,591 $ 5,886,886 $ 4,823,511 $ 448,614 $ 1,896 $ 19,194,882 Nonaccrual $ 51,342 $ 38,465 $ 26,102 $ 4,020 $ 2,151 $ — $ 122,080 Total $ 4,122,726 $ 4,001,056 $ 5,912,988 $ 4,827,531 $ 450,765 $ 1,896 $ 19,316,962 Nonaccrual loans to total loans 0.63 % June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,143,119 $ 3,047,122 $ 6,184,966 $ 2,636,661 $ 544,807 $ 8,191 $ 16,564,866 Nonaccrual 30,714 35,103 14,852 2,989 1,457 2,045 87,160 Total $ 4,173,833 $ 3,082,225 $ 6,199,818 $ 2,639,650 $ 546,264 $ 10,236 $ 16,652,026 Nonaccrual loans to total loans 0.52 % There were no nonaccrual loans without an allowance for credit losses as of March 31, 2024 and June 30, 2023. There was no interest income recognized on nonaccrual loans in the three and nine months ended March 31, 2024 and 2023. Credit Quality Indicators. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs for the nine months ended March 31, 2024 : March 31, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 374,277 $ 629,673 $ 1,267,368 $ 497,858 $ 301,300 $ 759,811 $ 159,109 $ 3,989,396 Special Mention 31,000 — — — 9,015 20,706 — 60,721 Substandard — 284 7,323 — 14,345 50,657 — 72,609 Doubtful — — — — — — — — Total 405,277 629,957 1,274,691 497,858 324,660 831,174 159,109 4,122,726 Gross charge-offs — — — — — 170 — 170 Multifamily and Commercial Mortgage Pass 33,500 755,904 1,091,283 643,742 547,393 836,844 — 3,908,666 Special Mention — 1,282 — — 1,131 3,738 — 6,151 Substandard — 14,057 7,250 11,649 33,953 19,330 — 86,239 Doubtful — — — — — — — — Total 33,500 771,243 1,098,533 655,391 582,477 859,912 — 4,001,056 Gross charge-offs — — — — 139 — — 139 Commercial Real Estate Pass 1,599,913 1,450,248 1,593,594 227,171 7,741 53,000 818,968 5,750,635 Special Mention — — 16,035 — — — — 16,035 Substandard — 18,657 41,422 40,900 15,000 30,339 — 146,318 Doubtful — — — — — — — — Total 1,599,913 1,468,905 1,651,051 268,071 22,741 83,339 818,968 5,912,988 Gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 953,015 473,483 281,867 44,634 5,719 13,025 2,874,179 4,645,922 Special Mention — 1,763 8,624 1,682 10,116 — 33,509 55,694 Substandard — 29,471 76,719 1,032 — 2,989 15,704 125,915 Doubtful — — — — — — — — Total 953,015 504,717 367,210 47,348 15,835 16,014 2,923,392 4,827,531 Gross charge-offs — — — — — 86 — 86 Auto & Consumer Pass 44,290 124,923 196,464 49,125 15,769 16,812 — 447,383 Special Mention 9 323 585 118 10 25 — 1,070 Substandard 143 521 1,031 303 216 98 — 2,312 Doubtful — — — — — — — — Total 44,442 125,767 198,080 49,546 15,995 16,935 — 450,765 Gross charge-offs 50 2,664 3,969 1,294 168 233 — 8,378 Other Pass 21 — — 985 — 890 — 1,896 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 21 — — 985 — 890 — 1,896 Gross charge-offs — — — — — — — — Total Pass 3,005,016 3,434,231 4,430,576 1,463,515 877,922 1,680,382 3,852,256 18,743,898 Special Mention 31,009 3,368 25,244 1,800 20,272 24,469 33,509 139,671 Substandard 143 62,990 133,745 53,884 63,514 103,413 15,704 433,393 Doubtful — — — — — — — — Total $ 3,036,168 $ 3,500,589 $ 4,589,565 $ 1,519,199 $ 961,708 $ 1,808,264 $ 3,901,469 $ 19,316,962 As a % of total gross loans 15.72% 18.12% 23.76% 7.86% 4.98% 9.36% 20.20% 100.0% Total gross charge-offs $ 50 $ 2,664 $ 3,969 $ 1,294 $ 307 $ 489 $ — $ 8,773 June 30, 2023 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 730,498 $ 1,346,804 $ 522,873 $ 324,458 $ 255,547 $ 639,401 $ 243,175 $ 4,062,756 Special Mention — 7,280 7,026 8,303 12,942 18,244 6,614 60,409 Substandard — 5,188 4,686 14,384 2,024 24,386 — 50,668 Doubtful — — — — — — — — Total 730,498 1,359,272 534,585 347,145 270,513 682,031 249,789 4,173,833 Multifamily and Commercial Mortgage Pass 558,787 975,186 498,744 314,383 224,592 404,222 — 2,975,914 Special Mention — 9,691 4,636 1,360 7,705 — — 23,392 Substandard — 3,145 5,686 38,857 6,181 29,050 — 82,919 Doubtful — — — — — — — — Total 558,787 988,022 509,066 354,600 238,478 433,272 — 3,082,225 Commercial Real Estate Pass 1,867,476 2,323,095 631,500 87,059 117,928 — 960,024 5,987,082 Special Mention 29,000 43,427 — 8,457 800 15,062 — 96,746 Substandard — 29,200 37,951 18,500 15,487 14,852 — 115,990 Doubtful — — — — — — — — Total 1,896,476 2,395,722 669,451 114,016 134,215 29,914 960,024 6,199,818 Commercial & Industrial - Non-RE Pass 488,120 358,214 29,777 14,794 2,098 — 1,707,619 2,600,622 Special Mention — 8,221 — 11,413 — — 600 20,234 Substandard — 17,762 1,032 — — — — 18,794 Doubtful — — — — — — — — Total 488,120 384,197 30,809 26,207 2,098 — 1,708,219 2,639,650 Auto & Consumer Pass 161,831 256,154 70,223 24,906 19,897 9,929 — 542,940 Special Mention 423 632 453 60 14 6 — 1,588 Substandard 350 785 233 133 162 73 — 1,736 Doubtful — — — — — — — — Total 162,604 257,571 70,909 25,099 20,073 10,008 — 546,264 Other Pass 5,721 — 1,306 — — 1,164 — 8,191 Special Mention — — — — — — — — Substandard — 2,000 45 — — — — 2,045 Doubtful — — — — — — — — Total 5,721 2,000 1,351 — — 1,164 — 10,236 Total Pass 3,812,433 5,259,453 1,754,423 765,600 620,062 1,054,716 2,910,818 16,177,505 Special Mention 29,423 69,251 12,115 29,593 21,461 33,312 7,214 202,369 Substandard 350 58,080 49,633 71,874 23,854 68,361 — 272,152 Doubtful — — — — — — — — Total $ 3,842,206 $ 5,386,784 $ 1,816,171 $ 867,067 $ 665,377 $ 1,156,389 $ 2,918,032 $ 16,652,026 As a % of total gross loans 23.07% 32.35% 10.91% 5.21% 4.00% 6.94% 17.52% 100.0% The following tables provide the aging of loans by portfolio segment: March 31, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,000,039 $ 56,839 $ 2,287 $ 63,561 $ 4,122,726 Multifamily and Commercial Mortgage 3,943,570 12,566 10,337 34,583 4,001,056 Commercial Real Estate 5,825,204 6,500 20,932 60,352 5,912,988 Commercial & Industrial - Non-RE 4,826,499 — — 1,032 4,827,531 Auto & Consumer 444,680 3,731 1,161 1,193 450,765 Other 1,896 — — — 1,896 Total $ 19,041,888 $ 79,636 $ 34,717 $ 160,721 $ 19,316,962 As a % of total gross loans 98.58 % 0.41 % 0.18 % 0.83 % 100.00 % June 30, 2023 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,102,150 $ 20,832 $ 7,971 $ 42,880 $ 4,173,833 Multifamily and Commercial Mortgage 3,048,217 2,705 1,124 30,179 3,082,225 Commercial Real Estate 6,173,716 11,250 — 14,852 6,199,818 Commercial & Industrial - Non-RE 2,639,650 — — — 2,639,650 Auto & Consumer 537,181 6,529 1,707 847 546,264 Other 8,024 68 1 2,143 10,236 Total $ 16,508,938 $ 41,384 $ 10,803 $ 90,901 $ 16,652,026 As a % of total gross loans 99.14 % 0.25 % 0.06 % 0.55 % 100.00 % Loans reaching 90 or more days past due are generally placed on nonaccrual. As of March 31, 2024 and June 30, 2023, there were loans of $49.3 million and $14.1 million, respectively, over 90 days past due and still accruing interest as the Company expects to collect the principal and interest amounts due. Single family mortgage loans in process of foreclosure were $29.3 million and $17.7 million as of March 31, 2024 and June 30, 2023, respectively. Loan Modifications to Borrowers Experiencing Financial Difficulty. The Company may grant certain modifications of loans to borrowers experiencing financial difficulty, which effective July 1, 2023, are reported as financial difficulty modifications (“FDMs”). The Company’s modification programs provide various modifications to borrowers experiencing financial difficulty which may include interest rate reductions, term extensions, payment delays and/or principal forgiveness. FDMs during the three and nine months ended March 31, 2024 were not significant. Prior to adoption of ASU 2022-02, the Company accounted for certain modifications as troubled debt restructurings (“TDRs”). Approximately 1.77% of our nonaccrual loans were considered TDRs at June 30, 2023. Borrowers that made timely payments after TDRs were considered non-performing for at least six months. Generally, after six months of timely payments, those TDRs were reclassified from the nonaccrual loan category to the performing loan category and any previously deferred interest income was recognized. The Company had no TDRs classified as performing loans at June 30, 2023.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES For additional information on the Company’s derivative instruments, see Note 1 — “Organizations and Summary of Significant Accounting Policies,” Note 2 — “Acquisitions” and Note 3 — “Fair Value” in the 2023 Form 10-K and Note 3 — “Fair Value” herein . As of March 31, 2024 and June 30, 2023, there were no derivatives designated in hedge accounting relationships. The following table presents the fair values and notional amounts of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. (Dollars in thousands) As of March 31, 2024 As of June 30, 2023 Other Assets — Interest Rate Derivative Assets 1 — Fair Value $ 106,392 $ 919 Accounts Payable and Other Liabilities — Interest Rate Derivative Liabilities 1 — Fair Value 102,635 691 Interest Rate Derivative Assets — Notional $ 1,205,097 $ 231,709 Interest Rate Derivative Liabilities — Notional 1,184,103 204,522 1 Derivative assets and liabilities are not subject to any counterparty netting and are presented gross in the condensed consolidated balance sheets. As of March 31, 2024, the Company posted cash collateral of $26.3 million and received cash collateral of $17.5 million, reflected in Cash, cash equivalents and restricted cash and Deposits, respectively, on its Condensed consolidated balance sheets. The following table presents the gains (losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Banking and service fees $ 27 $ 574 $ 417 $ 693 Mortgage banking and servicing rights income 98 125 606 410

STOCKHOLDERS_ EQUITY AND STOCK-

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	9 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION	STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (the “2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and restricted stock units, stock appreciation rights and other awards to employees, directors and consultants. The 2014 Plan is designed to encourage selected employees and directors to improve operations and increase profits, and to accept or continue employment or association with the Company through participation in the growth in the value of the Company’s common stock. On November 9, 2023, the Company’s stockholders approved the 2014 Plan, which authorized one million additional shares for future awards under the 2014 Plan. The Company also has an employment agreement with its Chief Executive Officer that provides for an award of restricted stock units (the “RSU award”). For additional information regarding the Company’s stock-based compensation plans, see Note 16 — “Stock-based Compensation” in the 2023 Form 10-K. At March 31, 2024, 1,637,528 shares of common stock were authorized for future awards under the 2014 Plan. As of March 31, 2024, the total compensation cost not yet recognized related to non-vested awards was $62.1 million and the weighted-average period over which it is expected to be recognized is 1.3 years. The following table presents the status and changes in RSUs: RSUs Weighted-Average Non-vested balance at June 30, 2023 1,407,882 $ 41.53 Granted 958,682 44.90 Vested (568,077) 39.71 Forfeited (50,379) 40.43 Non-vested balance at March 31, 2024 1,748,108 $ 44.00 The total fair value of shares vested for the three and nine months ended March 31, 2024 was $10.3 million and $25.2 million, respectively. The total fair value of shares vested for the three and nine months ended March 31, 2023 was $7.6 million and $19.7 million, respectively. Common Stock Repurchases . The following table presents common stock repurchases: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands except per share data) 2024 2023 2024 2023 Total repurchase $ 595 $ 31,605 $ 83,781 $ 31,605 Number of shares repurchased 12,101 849,081 2,267,610 849,081 Average price paid per share $ 49.22 $ 37.22 $ 36.95 $ 37.22 On February 12, 2024, the Company announced its Board of Directors’ authorization of a program to repurchase up to $100 million of its common stock. The new share repurchase authorization is in addition to the existing share repurchase plan announced on April 27, 2023, which had approximately $19.8 million remaining as of March 31, 2024. The share repurchase program will continue in effect until terminated by the Board of Directors of the Company. For additional information regarding the Company’s share repurchase program see Note 15 — “Stockholders’ Equity” in the 2023 Form 10-K.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted earnings per common share (“EPS”): Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2024 2023 2024 2023 Earnings Per Common Share Net income $ 110,720 $ 79,850 $ 345,136 $ 219,809 Average common shares issued and outstanding 56,932,050 59,930,634 57,699,236 59,928,263 Earnings per common share $ 1.94 $ 1.33 $ 5.98 $ 3.67 Diluted Earnings Per Common Share Net income $ 110,720 $ 79,850 $ 345,136 $ 219,809 Average common shares issued and outstanding 56,932,050 59,930,634 57,699,236 59,928,263 Dilutive effect of average unvested RSUs 1,105,648 696,766 1,008,579 667,151 Average dilutive common shares outstanding 58,037,698 60,627,400 58,707,815 60,595,414 Diluted earnings per common share $ 1.91 $ 1.32 $ 5.88 $ 3.63 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) 723 2,776 24,524 33,297 For further information regarding the Company’s EPS calculation see Note 17 — “Earnings per Common Share” in the 2023 Form 10-K.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases. The Company leases office space under operating lease agreements scheduled to expire at various dates. The following table represents maturities of lease liabilities: (Dollars in thousands) As of Within one year $ 12,633 After one year and within two years 12,589 After two years and within three years 12,534 After three years and within four years 11,884 After four years within five years 10,510 After five years 14,751 Total lease payments 74,901 Less: amount representing interest (6,779) Total lease liability $ 68,122 Credit-Related Financial Instruments . In the normal course of business, the Company makes commitments to extend credit to meet the financing needs of its customers and such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the unaudited condensed consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. At March 31, 2024, the Company had unfunded commitments to originate $95.1 million in fixed rate loans and $3,581.4 million in variable rate loans, totaling an aggregate outstanding principal balance of $3,676.5 million. For March 31, 2024, the Company’s fixed rate commitments to originate had a weighted-average rate of 8.71%. At March 31, 2024, the Company also had fixed rate commitments to sell loans with an aggregate outstanding principal balance of $34.7 million. At March 31, 2024, 54% of the commitments to originate loans are matched with commitments to sell related to conforming single family loans classified as held for sale, respectively. The Company also has standby letters of credit commitments of $15.9 million. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. In the normal course of business, Axos Clearing LLC’s (“Axos Clearing”) customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose Axos Clearing to off-balance-sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and Axos Clearing has to purchase or sell the financial instrument underlying the contract at a loss. Axos Clearing’s clearing agreements with broker-dealers for which it provides clearing services requires them to indemnify Axos Clearing if customers fail to satisfy their contractual obligation. Litigation. A consolidated derivative action, In re BofI Holding, Inc., Case No. 15cv2722 GPC (KSC), is pending before the United States District Court for the Southern District of California (the “Derivative Action”). The complaint in the Derivative Action sets forth allegations made in a related employment action, Erhart v. BofI Holding Inc., No. 15cv2287 BAS (NLS) (S.D. Cal.) (the “Employment Action”) brought by a former employee of the Company and was stayed pending resolution of the Employment Action. On October 4, 2023, the court hearing the Employment Action entered a final amended judgment awarding damages and attorneys’ fees to the plaintiff. The defendants have filed a Notice of Appeal from the Employment Action judgment and all orders merged therein. On January 2, 2024, the Derivative Action plaintiff filed a Third Amended Complaint. On March 5, 2024, the court stayed the case until resolution of the appeal in the Employment Action. The Derivative Action defendants dispute, and intend to vigorously defend against, the allegations raised in the Third Amended Complaint. The Derivative Action plaintiff seeks damages on behalf of the Company with respect to the Employment Action, and also seeks damages on behalf of the Company in connection with a now settled securities class action that was also based upon allegations made in the Employment Action and settled within available insurance coverage without attribution of wrongdoing to the Company, its management, or its directors. In view of the inherent difficulty of predicting the outcome of the Derivative Action it is not possible to reasonably predict or estimate the eventual loss or range of loss, if any, related to the Derivative Action. On October 26, 2022, a jury verdict was reached in the case of MUFG Union Bank, N.A. v. Axos Bank, et al, awarding damages to MUFG Union Bank, N.A. Judgment on such verdict was initially entered on June 5, 2023, and a corrected judgment was entered on June 20, 2023. The Company filed a Notice of Appeal to the Supreme Court of the State of New York Appellate Division (the “Appellate Division”) on July 6, 2023, and the plaintiff filed a Notice of Cross-Appeal on July 20, 2023. The Appellate Division held oral arguments on the appeal and cross-appeal on March 5, 2024. On March 26, 2024, the Appellate Division entered an order vacating the finding of liability and award of $2.5 million in damages for plaintiff’s breach of contract claim as well as the associated prejudgment interest. In addition, the Appellate Division rejected plaintiff’s cross appeal. The Company now intends to file an appeal with the New York Court of Appeals regarding the question of whether a terminable-at-will contract can support a claim for tortious interference. The Company recorded a $16 million accrued expense in “Accounts payable and other liabilities” on the condensed consolidated balance sheet and in “General and administrative expense” on the condensed consolidated statement of income as of and for the year ended June 30, 2023, respectively. Given the uncertainty of the appellate process and other factors that are unknown or currently unquantifiable, the Company maintained its accrual at March 31, 2024.

SEGMENT REPORTING AND REVENUE I

SEGMENT REPORTING AND REVENUE INFORMATION	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING AND REVENUE INFORMATION	SEGMENT REPORTING AND REVENUE INFORMATION Segment Reporting. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations. Certain corporate administration costs have not been allocated to the reportable segments. The Company operates through two operating segments: Banking Business and Securities Business. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business segment and non-interest expense incurred by the Banking Business segment for cash sorting fees related to deposits sourced from Securities Business segment customers, as well as interest expense paid by the Banking Business segment to each of the wholly-owned subsidiaries of the Company and to the Company itself for their operating cash held on deposit with the Business Banking segment. For more information on the Company’s operating segments, see Note 23 — “Segment Reporting” in the Company’s 2023 Form 10-K. In order to reconcile the two segments to the consolidated totals, the Company includes parent-only activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 258,435 $ 7,133 $ (3,962) $ 261,606 Provision for credit losses 6,000 — — 6,000 Non-interest income 11,908 32,746 (11,491) 33,163 Non-interest expense 104,959 32,488 (4,219) 133,228 Income before taxes $ 159,384 $ 7,391 $ (11,234) $ 155,541 For the Three Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 196,249 $ 6,335 $ (3,602) $ 198,982 Provision for credit losses 5,500 — — 5,500 Non-interest income 10,685 38,298 (16,737) 32,246 Non-interest expense 98,252 25,138 (12,346) 111,044 Income before taxes $ 103,182 $ 19,495 $ (7,993) $ 114,684 For the Nine Months Ended March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 694,289 $ 18,755 $ (11,677) $ 701,367 Provision for credit losses 26,500 — — 26,500 Non-interest income 128,244 99,942 (36,387) 191,799 Non-interest expense 308,027 87,979 (20,433) 375,573 Income before taxes $ 488,006 $ 30,718 $ (27,631) $ 491,093 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 574,524 $ 15,486 $ (10,643) $ 579,367 Provision for credit losses 17,251 — — 17,251 Non-interest income 31,954 103,467 (47,638) 87,783 Non-interest expense 295,831 74,924 (35,597) 335,158 Income before taxes $ 293,396 $ 44,029 $ (22,684) $ 314,741 As of March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 21,794,503 $ 816,409 $ 31,221 $ 22,642,133 As of June 30, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 19,396,167 $ 899,496 $ 52,806 $ 20,348,469 Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For further information of the Company’s recognition of revenue and ASC 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K. For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Advisory fee income $ 8,105 $ 6,879 $ 23,686 $ 20,821 Broker-dealer clearing fees 4,885 6,228 16,488 15,886 Deposit service fees 525 623 3,619 3,931 Card fees 495 737 1,909 3,670 Bankruptcy trustee and fiduciary service fees 1,418 1,566 4,209 4,506 Non-interest income (in-scope of ASC 606) 15,428 16,033 49,911 48,814 Non-interest income (out-of-scope of ASC 606) 17,735 16,213 141,888 38,969 Total non-interest income $ 33,163 $ 32,246 $ 191,799 $ 87,783

BORROWINGS, SUBORDINATED NOTES

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	BORROWINGS, SUBORDINATED NOTES AND DEBENTURES Subordinated Notes. On March 6, 2024, the Company paid $4.2 million to repurchase $5.0 million par value of its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 1, 2032 resulting in a pre-tax non-cash gain on extinguishment of $0.7 million, after accounting for unamortized issuance costs and accrued interest. The non-cash gain is recorded in “General and administrative expense” in the Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Consolidation	The condensed consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries. Axos Bank (the “Bank”), its wholly owned subsidiaries, and the activities of two lending-related trust entities constitute the Banking Business segment, and Axos Nevada Holding, LLC (“Axos Nevada Holding”) and its wholly owned subsidiaries constitute the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation. The Notes to the Condensed Consolidated Financial Statements are an integral part of the Company’s financial statements.
Basis of Presentation	The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Certain amounts reported in prior periods have been reclassified to conform with the current presentation. Results for the three and nine months ended March 31, 2024 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or not repeated herein pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2023 included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023 (“2023 Form 10-K”) filed with the SEC.
Significant Accounting Policies	Significant Accounting Policies For further information regarding the Company’s significant accounting policies see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K. During the three and nine months ended March 31, 2024, there were no significant updates to the Company’s significant accounting policies, other than as noted below and the adoption of the accounting standards noted herein. Purchased Credit Deteriorated (“PCD”) Loans. Purchased loans that reflect a more-than-insignificant deterioration of credit since their origination are considered PCD. For PCD loans, the initial estimate of expected credit losses is recognized in the allowance for credit losses on the date of acquisition. The initial amortized cost of PCD loans is determined by reducing the loans’ par value by the acquisition date estimate of expected credit losses with any difference between the resulting amount and the loans’ purchase price recorded as a non-credit-related discount. Subsequent changes in the initial estimate of expected credit losses are recognized in the provision for credit losses in the Company’s Consolidated Statements of Income. Restricted cash. Restricted cash includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other regulations. Restricted cash also includes certain other cash balances which are restricted as to the Company’s withdrawal or usage based upon the terms of the corresponding agreements. New Accounting Standards Recently Adopted Accounting Standards The Financial Accounting Standards Board (“FASB”) issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company adopted these ASUs on July 1, 2023, and there was no impact on its financial condition or results of operations upon adoption. In March 2022, the FASB issued ASU 2022-02 which eliminated the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit losses (“CECL”) model and enhanced the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The Company adopted this ASU on a prospective basis on July 1, 2023, and there was no impact on its financial condition or results of operations upon adoption. See Note 5 — “Loans & Allowance for Credit Losses” for the new disclosures as a result of the adoption of this accounting guidance. Accounting Standards Issued But Not Yet Adopted In November 2023, the FASB issued ASU 2023-07 which requires disclosure of significant business segment expenses and a description of the composition of other segment expenses by business segment. The ASU also requires disclosure of the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measures of segment profit or loss in assessing segment performance and deciding how to allocate resources. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption. In December 2023, the FASB issued ASU 2023-09 which requires further granularity on the disclosure of income taxes, including: • Certain prescribed line items in the income tax rate reconciliation presented both in dollar and percentage terms; • Income taxes paid, income before income taxes and income taxes disaggregated by federal, state and foreign taxes; and • Further disaggregation of income taxes paid by any individual jurisdiction equal to or exceeding five percent of total income taxes paid. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect any impact on its financial condition or results of operations upon adoption.
Credit Quality Indicators	Credit Quality Indicators. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Asset Acquisition	The following table summarizes the PCD loans acquired in the FDIC Loan Purchase: (Dollars in thousands) Total Unpaid principal balance $ 341,301 Non-credit discount (100,686) Allowance for credit losses at acquisition (70,097) Purchase price $ 170,518

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2024 and June 30, 2023. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement: March 31, 2024 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 592 $ — $ 592 Available-for-sale securities: Agency MBS 27,481 — 27,481 Non-Agency MBS — 176,679 176,679 Municipal 3,422 — 3,422 Total—Available-for-sale securities: $ 30,903 $ 176,679 $ 207,582 Loans held for sale $ 16,239 $ — $ 16,239 Servicing rights $ — $ 28,130 $ 28,130 Other assets—Derivative instruments $ 106,392 $ — $ 106,392 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 102,635 $ — $ 102,635 June 30, 2023 (Dollars in thousands) Significant Other Significant Total ASSETS: Trading securities $ 758 $ — $ 758 Available-for-sale securities: Agency MBS 23,947 — 23,947 Non-Agency MBS — 205,005 205,005 Municipal 3,398 — 3,398 Total—Available-for-sale securities: $ 27,345 $ 205,005 $ 232,350 Loans held for sale $ 23,203 $ — $ 23,203 Servicing rights $ — $ 25,443 $ 25,443 Other assets—Derivative instruments $ 919 $ — $ 919 LIABILITIES: Accounts payable and other liabilities—Derivative instruments $ 691 $ — $ 691
Schedule of Additional Information About Assets Measured at Fair Value on a Recurring Basis and for which the Company has Utilized Level 3 Inputs to Determine Fair Value	The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended March 31, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening balance $ 207,708 $ 28,043 $ 235,751 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (152) (152) Included in other comprehensive income 1,517 — 1,517 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 239 239 Settlements (32,546) — (32,546) Closing balance $ 176,679 $ 28,130 $ 204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (152) $ (152) For the Nine Months Ended March 31, 2024 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Total Opening Balance $ 205,005 $ 25,443 $ 230,448 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — 213 213 Included in other comprehensive income 4,708 — 4,708 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 2,474 2,474 Settlements (33,034) — (33,034) Closing balance $ 176,679 $ 28,130 $ 204,809 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 213 $ 213 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.4 million and $0.9 million for the three and nine months ended March 31, 2024 and an increase in servicing rights value resulting from market-driven changes in interest rates of $0.2 million for the three months ended March 31, 2024 and an increase of $1.1 million for the nine months ended March 31, 2024. Additions to servicing rights were related to purchases and servicing rights retained upon sale of loans held for sale. For the Three Months Ended March 31, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 175,123 $ 25,526 $ 18 $ 200,667 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (282) (674) (956) Included in other comprehensive income 1,231 — — 1,231 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 152 — 30,152 Settlements (54) — — (54) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (282) $ (674) $ (956) For the Nine Months Ended March 31, 2023 (Dollars in thousands) Available-for-sale Securities: Non-Agency MBS Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking and servicing rights income — (375) (1,120) (1,495) Included in other comprehensive income (3,384) — — (3,384) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 30,000 558 — 30,558 Settlements (7,130) — — (7,130) Closing balance $ 206,300 $ 25,396 $ (656) $ 231,040 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (375) $ (1,120) $ (1,495) 1 Earnings from servicing rights were attributable to: time and payoffs, representing a decrease in servicing rights value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.2 million and $0.7 million for the three and nine months ended March 31, 2023, respectively, and a decrease in servicing rights value resulting from market-driven changes in interest rates of $0.1 million for the three months ended March 31, 2023 and an increase of $0.3 million for the nine months ended March 31, 2023. Additions to servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements	The table below summarizes the quantitative information about Level 3 fair value measurements: March 31, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 176,679 Discounted Cash Flow Projected Constant Prepayment Rate, Projected Constant Default Rate, Projected Loss Severity, Discount Rate over SOFR Swaps 0.0 to 62.3% (42.8%) 0.0 to 25.6% (2.9%) 0.0 to 68.7% (33.7%) 2.5 to 6.5% (2.5%) Servicing Rights $ 28,130 Discounted Cash Flow Projected Constant Prepayment Rate, 5.5 to 95.2% (11.8%) 0.4 to 14.9 (7.9) 9.5 to 11.2% (9.8%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Available-for-sale securities: Non-Agency MBS $ 205,005 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 59.7% (32.0%) 0.0 to 7.5% (2.4%) 0.0 to 68.7% (28.5%) 2.6 to 7.5% (2.7%) Servicing Rights $ 25,443 Discounted Cash Flow Projected Constant Prepayment Rate, 6.1 to 40.1% (12.6%) 1.8 to 10.9 (7.7) 9.5 to 11.5% (9.6%) 1 The weighted average for Available-for-sale securities: Non-agency MBS is based on the relative fair value of the securities and for Servicing Rights is based on the relative unpaid principal of the loans being serviced. The following table presents quantitative information about Level 3 fair value measurements for other real estate owned measured at fair value on a non-recurring basis: March 31, 2024 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 1,765 Sales comparison approach Differences between the comparable sales 79.7 to 97.4% (79.7%) June 30, 2023 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned: Single family real estate $ 5,574 Sales comparison approach Differences between the comparable sales 62.1 to 93.6% (62.1%) Multifamily real estate $ 1,392 Sales comparison approach and income approach Differences between the comparable sales and differences in net operating income expectations, capitalization rate 49.8 to 54.5% (49.8%) 1 For other real estate owned the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. The weighted average is based on the relative fair value of comparable sales.
Schedule of Aggregate Fair Value, Contractual Balance, and Gains of Loans Held For Sale	The aggregate fair value of loans held for sale, carried at fair value, the contractual balance (including accrued interest), and the unrealized gain were: (Dollars in thousands) March 31, 2024 June 30, 2023 Aggregate fair value $ 16,239 $ 23,203 Contractual balance 15,784 22,844 Unrealized gain $ 455 $ 359 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale were: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Interest income $ 208 $ 99 $ 538 $ 252 Change in fair value 118 51 22 (280) Total $ 326 $ 150 $ 560 $ (28)
Schedule of Fair Value Assets Measured on Nonrecurring Basis	The table below summarizes assets measured at fair value on a non-recurring basis: March 31, 2024 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 1,765 $ 1,765 Autos — — 1,102 1,102 Total $ — $ — $ 2,867 $ 2,867 June 30, 2023 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 5,574 $ 5,574 Multifamily real estate — — 1,392 1,392 Autos — — 1,133 1,133 Total $ — $ — $ 8,099 $ 8,099
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Period-end	Carrying amounts and estimated fair values of financial instruments at March 31, 2024 and June 30, 2023 were: March 31, 2024 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,345,911 $ 2,345,911 $ — $ — $ 2,345,911 Trading securities 592 — 592 — 592 Available-for-sale securities 207,582 — 30,903 176,679 207,582 Stock of regulatory agencies 22,264 — 22,264 — 22,264 Loans held for sale, at fair value 16,239 — 16,239 — 16,239 Loans held for investment—net 18,733,455 — — 18,692,795 18,692,795 Securities borrowed 105,853 — — 111,696 111,696 Customer, broker-dealer and clearing receivables 292,630 — — 303,516 303,516 Servicing rights 28,130 — — 28,130 28,130 Other assets - derivative instruments 106,392 — 106,392 — 106,392 Financial liabilities: Total deposits 19,103,532 — 19,006,497 — 19,006,497 Advances from the Federal Home Loan Bank 90,000 — 83,966 — 83,966 Borrowings, subordinated notes and debentures 330,389 — 303,856 — 303,856 Securities loaned 119,800 — — 119,584 119,584 Customer, broker-dealer and clearing payables 387,176 — — 387,176 387,176 Accounts payable and other liabilities - derivative instruments 102,635 — 102,635 — 102,635 June 30, 2023 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents and restricted cash $ 2,382,086 $ 2,382,086 $ — $ — $ 2,382,086 Trading securities 758 — 758 — 758 Available-for-sale securities 232,350 — 27,345 205,005 232,350 Stock of regulatory agencies 21,510 — 21,510 — 21,510 Loans held for sale, at fair value 23,203 — 23,203 — 23,203 Loans held for sale, at lower of cost or fair value 776 — — 780 780 Loans held for investment—net 16,456,728 — — 16,417,183 16,417,183 Securities borrowed 134,339 — — 143,461 143,461 Customer, broker-dealer and clearing receivables 374,074 — — 386,082 386,082 Servicing rights 25,443 — — 25,443 25,443 Other assets - derivative instruments 919 — 919 — 919 Financial liabilities: Total deposits 17,123,108 — 17,064,084 — 17,064,084 Advances from the Federal Home Loan Bank 90,000 — 83,192 — 83,192 Borrowings, subordinated notes and debentures 361,779 — 327,564 — 327,564 Securities loaned 159,832 — — 159,416 159,416 Customer, broker-dealer and clearing payables 445,477 — — 445,447 445,447 Accounts payable and other liabilities - derivative instruments 691 — 691 — 691

AVAILABLE-FOR-SALE SECURITIES (

AVAILABLE-FOR-SALE SECURITIES (Tables)	9 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities	The amortized cost and fair value of available-for-sale securities were: March 31, 2024 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 30,121 $ 122 $ (2,762) $ 27,481 Non-agency 2 177,236 950 (1,507) 176,679 Total mortgage-backed securities 207,357 1,072 (4,269) 204,160 Municipal 3,754 — (332) 3,422 Total available-for-sale securities $ 211,111 $ 1,072 $ (4,601) $ 207,582 June 30, 2023 (Dollars in thousands) Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agency 1 $ 27,024 $ — $ (3,077) $ 23,947 Non-agency 2 210,271 711 (5,977) 205,005 Total mortgage-backed securities 237,295 711 (9,054) 228,952 Municipal 3,656 — (258) 3,398 Total available-for-sale securities $ 240,951 $ 711 $ (9,312) $ 232,350 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our municipal securities, which is based on the contractual maturity: As of March 31, 2024 (Dollars in thousands) Total Amount Due Within One Year Due after One but within Five Years Due after Five but within Ten Years Due After Ten Years MBS: Agency $ 30,121 $ 7,085 $ 13,840 $ 6,950 $ 2,246 Non-Agency $ 177,236 $ 153,214 $ 21,652 $ 1,322 $ 1,048 Total MBS $ 207,357 $ 160,299 $ 35,492 $ 8,272 $ 3,294 Municipal $ 3,754 $ — $ — $ — $ 3,754 Available-for-sale—Amortized cost $ 211,111 $ 160,299 $ 35,492 $ 8,272 $ 7,048 Available-for-sale—Fair value $ 207,582 $ 158,860 $ 34,292 $ 7,794 $ 6,636
Schedule of Securities in a Continuous Unrealized Loss Position	Securities in an unrealized loss position based on the length of time the individual securities have been in a continuous unrealized loss position were: March 31, 2024 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 2,650 $ (26) $ 19,725 $ (2,736) $ 22,375 $ (2,762) Non-agency 10,407 (27) 133,506 (1,480) 143,913 (1,507) Total MBS 13,057 (53) 153,231 (4,216) 166,288 (4,269) Municipal — — 3,422 (332) 3,422 (332) Total available-for-sale securities $ 13,057 $ (53) $ 156,653 $ (4,548) $ 169,710 $ (4,601) June 30, 2023 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: Agency $ 3,182 $ (16) $ 20,642 $ (3,061) $ 23,824 $ (3,077) Non-agency 107,982 (1,808) 95,385 (4,169) 203,367 (5,977) Total MBS 111,164 (1,824) 116,027 (7,230) 227,191 (9,054) Municipal — — 3,398 (258) 3,398 (258) Total available-for-sale securities $ 111,164 $ (1,824) $ 119,425 $ (7,488) $ 230,589 $ (9,312)
Schedule of Components of Other Comprehensive Income (Loss)	The components of the Company’s accumulated other comprehensive income (loss) are as follows: (Dollars in thousands) March 31, June 30, Available-for-sale securities—net unrealized gains (losses) $ (3,529) $ (8,601) Available-for-sale securities—non-credit related (845) (845) Subtotal (4,374) (9,446) Tax benefit (expense) 1,310 2,836 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (3,064) $ (6,610)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The following table sets forth the composition of the loan portfolio: (Dollars in thousands) March 31, 2024 June 30, 2023 Single Family - Mortgage & Warehouse $ 4,122,726 $ 4,173,833 Multifamily and Commercial Mortgage 1 4,001,056 3,082,225 Commercial Real Estate 1 5,912,988 6,199,818 Commercial & Industrial - Non-RE 4,827,531 2,639,650 Auto & Consumer 450,765 546,264 Other 1,896 10,236 Total gross loans 19,316,962 16,652,026 Allowance for credit losses - loans (257,522) (166,680) Unaccreted premiums (discounts) and loan fees (325,985) (28,618) Total net loans $ 18,733,455 $ 16,456,728 1 Includes PCD loans of $285.4 million in Multifamily and Commercial Mortgage and $44.5 million in Commercial Real Estate as of March 31, 2024. For further detail on PCD loans refer to Note 1—“Summary of Significant Accounting Policies”.
Schedule of Allowance for Credit Losses on Financing Receivables	The following table presents the components of the provision for credit losses: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Provision for credit losses - loans $ 9,000 $ 5,500 $ 27,250 $ 17,750 Provision for credit losses - unfunded lending commitments (3,000) — (750) (499) Total provision for credit losses $ 6,000 $ 5,500 $ 26,500 $ 17,251 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment: For the Three Months Ended March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2024 $ 15,356 $ 78,353 $ 77,778 $ 69,201 $ 11,052 $ 9 $ 251,749 Allowance for credit losses at acquisition of PCD loans — — — — — — — Provision (benefit) for credit losses - loans 1,629 (1,856) 5,064 2,809 1,355 (1) 9,000 Charge-offs (90) (139) — — (3,776) — (4,005) Recoveries 70 — — — 708 — 778 Balance at March 31, 2024 $ 16,965 $ 76,358 $ 82,842 $ 72,010 $ 9,339 $ 8 $ 257,522 For the Three Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2023 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 Provision (benefit) for credit losses - loans (1,583) (1,156) (3,782) 10,698 1,329 (6) 5,500 Charge-offs (9) — — — (2,413) — (2,422) Recoveries 413 — — — 584 — 997 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 For the Nine Months Ended March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2023 $ 17,503 $ 16,848 $ 72,755 $ 46,347 $ 13,212 $ 15 $ 166,680 Allowance for credit losses at acquisition of PCD loans — 58,972 11,125 — — — 70,097 Provision (benefit) for credit losses - loans (461) 677 (1,038) 25,749 2,330 (7) 27,250 Charge-offs (170) (139) — (86) (8,378) — (8,773) Recoveries 93 — — — 2,175 — 2,268 Balance at March 31, 2024 $ 16,965 $ 76,358 $ 82,842 $ 72,010 $ 9,339 $ 8 $ 257,522 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans (1,347) (354) (953) 15,910 4,510 (16) 17,750 Charge-offs (307) — — — (6,646) — (6,953) Recoveries 436 — — 18 1,425 — 1,879 Balance at March 31, 2023 $ 18,452 $ 14,301 $ 68,386 $ 46,736 $ 13,403 $ 15 $ 161,293 The following tables present a summary of the activity in the allowance for credit losses for off-balance sheet lending commitments: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Balance at January 1, $ 12,723 $ 10,474 Provision for credit losses - unfunded lending commitments (3,000) — Balance at March 31, $ 9,723 $ 10,474 Nine Months Ended March 31, (Dollars in thousands) 2024 2023 Balance at July 1, $ 10,473 $ 10,973 Provision for credit losses - unfunded lending commitments (750) (499) Balance at March 31, $ 9,723 $ 10,474
Schedule of Real Estate Loans, Loan-to-Value Ratio	The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of March 31, 2024: Total Real Estate Loans Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Weighted-Average LTV 48.8 % 56.2 % 55.2 % 39.4 % Median LTV 53.1 % 55.0 % 50.0 % 42.0 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	March 31, 2024 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,071,384 $ 3,962,591 $ 5,886,886 $ 4,823,511 $ 448,614 $ 1,896 $ 19,194,882 Nonaccrual $ 51,342 $ 38,465 $ 26,102 $ 4,020 $ 2,151 $ — $ 122,080 Total $ 4,122,726 $ 4,001,056 $ 5,912,988 $ 4,827,531 $ 450,765 $ 1,896 $ 19,316,962 Nonaccrual loans to total loans 0.63 % June 30, 2023 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,143,119 $ 3,047,122 $ 6,184,966 $ 2,636,661 $ 544,807 $ 8,191 $ 16,564,866 Nonaccrual 30,714 35,103 14,852 2,989 1,457 2,045 87,160 Total $ 4,173,833 $ 3,082,225 $ 6,199,818 $ 2,639,650 $ 546,264 $ 10,236 $ 16,652,026 Nonaccrual loans to total loans 0.52 %
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs for the nine months ended March 31, 2024 : March 31, 2024 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Single Family-Mortgage & Warehouse Pass $ 374,277 $ 629,673 $ 1,267,368 $ 497,858 $ 301,300 $ 759,811 $ 159,109 $ 3,989,396 Special Mention 31,000 — — — 9,015 20,706 — 60,721 Substandard — 284 7,323 — 14,345 50,657 — 72,609 Doubtful — — — — — — — — Total 405,277 629,957 1,274,691 497,858 324,660 831,174 159,109 4,122,726 Gross charge-offs — — — — — 170 — 170 Multifamily and Commercial Mortgage Pass 33,500 755,904 1,091,283 643,742 547,393 836,844 — 3,908,666 Special Mention — 1,282 — — 1,131 3,738 — 6,151 Substandard — 14,057 7,250 11,649 33,953 19,330 — 86,239 Doubtful — — — — — — — — Total 33,500 771,243 1,098,533 655,391 582,477 859,912 — 4,001,056 Gross charge-offs — — — — 139 — — 139 Commercial Real Estate Pass 1,599,913 1,450,248 1,593,594 227,171 7,741 53,000 818,968 5,750,635 Special Mention — — 16,035 — — — — 16,035 Substandard — 18,657 41,422 40,900 15,000 30,339 — 146,318 Doubtful — — — — — — — — Total 1,599,913 1,468,905 1,651,051 268,071 22,741 83,339 818,968 5,912,988 Gross charge-offs — — — — — — — — Commercial & Industrial - Non-RE Pass 953,015 473,483 281,867 44,634 5,719 13,025 2,874,179 4,645,922 Special Mention — 1,763 8,624 1,682 10,116 — 33,509 55,694 Substandard — 29,471 76,719 1,032 — 2,989 15,704 125,915 Doubtful — — — — — — — — Total 953,015 504,717 367,210 47,348 15,835 16,014 2,923,392 4,827,531 Gross charge-offs — — — — — 86 — 86 Auto & Consumer Pass 44,290 124,923 196,464 49,125 15,769 16,812 — 447,383 Special Mention 9 323 585 118 10 25 — 1,070 Substandard 143 521 1,031 303 216 98 — 2,312 Doubtful — — — — — — — — Total 44,442 125,767 198,080 49,546 15,995 16,935 — 450,765 Gross charge-offs 50 2,664 3,969 1,294 168 233 — 8,378 Other Pass 21 — — 985 — 890 — 1,896 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 21 — — 985 — 890 — 1,896 Gross charge-offs — — — — — — — — Total Pass 3,005,016 3,434,231 4,430,576 1,463,515 877,922 1,680,382 3,852,256 18,743,898 Special Mention 31,009 3,368 25,244 1,800 20,272 24,469 33,509 139,671 Substandard 143 62,990 133,745 53,884 63,514 103,413 15,704 433,393 Doubtful — — — — — — — — Total $ 3,036,168 $ 3,500,589 $ 4,589,565 $ 1,519,199 $ 961,708 $ 1,808,264 $ 3,901,469 $ 19,316,962 As a % of total gross loans 15.72% 18.12% 23.76% 7.86% 4.98% 9.36% 20.20% 100.0% Total gross charge-offs $ 50 $ 2,664 $ 3,969 $ 1,294 $ 307 $ 489 $ — $ 8,773 June 30, 2023 Loans Held for Investment by Fiscal Year of Origination Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 730,498 $ 1,346,804 $ 522,873 $ 324,458 $ 255,547 $ 639,401 $ 243,175 $ 4,062,756 Special Mention — 7,280 7,026 8,303 12,942 18,244 6,614 60,409 Substandard — 5,188 4,686 14,384 2,024 24,386 — 50,668 Doubtful — — — — — — — — Total 730,498 1,359,272 534,585 347,145 270,513 682,031 249,789 4,173,833 Multifamily and Commercial Mortgage Pass 558,787 975,186 498,744 314,383 224,592 404,222 — 2,975,914 Special Mention — 9,691 4,636 1,360 7,705 — — 23,392 Substandard — 3,145 5,686 38,857 6,181 29,050 — 82,919 Doubtful — — — — — — — — Total 558,787 988,022 509,066 354,600 238,478 433,272 — 3,082,225 Commercial Real Estate Pass 1,867,476 2,323,095 631,500 87,059 117,928 — 960,024 5,987,082 Special Mention 29,000 43,427 — 8,457 800 15,062 — 96,746 Substandard — 29,200 37,951 18,500 15,487 14,852 — 115,990 Doubtful — — — — — — — — Total 1,896,476 2,395,722 669,451 114,016 134,215 29,914 960,024 6,199,818 Commercial & Industrial - Non-RE Pass 488,120 358,214 29,777 14,794 2,098 — 1,707,619 2,600,622 Special Mention — 8,221 — 11,413 — — 600 20,234 Substandard — 17,762 1,032 — — — — 18,794 Doubtful — — — — — — — — Total 488,120 384,197 30,809 26,207 2,098 — 1,708,219 2,639,650 Auto & Consumer Pass 161,831 256,154 70,223 24,906 19,897 9,929 — 542,940 Special Mention 423 632 453 60 14 6 — 1,588 Substandard 350 785 233 133 162 73 — 1,736 Doubtful — — — — — — — — Total 162,604 257,571 70,909 25,099 20,073 10,008 — 546,264 Other Pass 5,721 — 1,306 — — 1,164 — 8,191 Special Mention — — — — — — — — Substandard — 2,000 45 — — — — 2,045 Doubtful — — — — — — — — Total 5,721 2,000 1,351 — — 1,164 — 10,236 Total Pass 3,812,433 5,259,453 1,754,423 765,600 620,062 1,054,716 2,910,818 16,177,505 Special Mention 29,423 69,251 12,115 29,593 21,461 33,312 7,214 202,369 Substandard 350 58,080 49,633 71,874 23,854 68,361 — 272,152 Doubtful — — — — — — — — Total $ 3,842,206 $ 5,386,784 $ 1,816,171 $ 867,067 $ 665,377 $ 1,156,389 $ 2,918,032 $ 16,652,026 As a % of total gross loans 23.07% 32.35% 10.91% 5.21% 4.00% 6.94% 17.52% 100.0%
Schedule of Past Due Loan and Leases	The following tables provide the aging of loans by portfolio segment: March 31, 2024 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,000,039 $ 56,839 $ 2,287 $ 63,561 $ 4,122,726 Multifamily and Commercial Mortgage 3,943,570 12,566 10,337 34,583 4,001,056 Commercial Real Estate 5,825,204 6,500 20,932 60,352 5,912,988 Commercial & Industrial - Non-RE 4,826,499 — — 1,032 4,827,531 Auto & Consumer 444,680 3,731 1,161 1,193 450,765 Other 1,896 — — — 1,896 Total $ 19,041,888 $ 79,636 $ 34,717 $ 160,721 $ 19,316,962 As a % of total gross loans 98.58 % 0.41 % 0.18 % 0.83 % 100.00 % June 30, 2023 (Dollars in thousands) Current 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 4,102,150 $ 20,832 $ 7,971 $ 42,880 $ 4,173,833 Multifamily and Commercial Mortgage 3,048,217 2,705 1,124 30,179 3,082,225 Commercial Real Estate 6,173,716 11,250 — 14,852 6,199,818 Commercial & Industrial - Non-RE 2,639,650 — — — 2,639,650 Auto & Consumer 537,181 6,529 1,707 847 546,264 Other 8,024 68 1 2,143 10,236 Total $ 16,508,938 $ 41,384 $ 10,803 $ 90,901 $ 16,652,026 As a % of total gross loans 99.14 % 0.25 % 0.06 % 0.55 % 100.00 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the fair values and notional amounts of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments. (Dollars in thousands) As of March 31, 2024 As of June 30, 2023 Other Assets — Interest Rate Derivative Assets 1 — Fair Value $ 106,392 $ 919 Accounts Payable and Other Liabilities — Interest Rate Derivative Liabilities 1 — Fair Value 102,635 691 Interest Rate Derivative Assets — Notional $ 1,205,097 $ 231,709 Interest Rate Derivative Liabilities — Notional 1,184,103 204,522 1 Derivative assets and liabilities are not subject to any counterparty netting and are presented gross in the condensed consolidated balance sheets. As of March 31, 2024, the Company posted cash collateral of $26.3 million and received cash collateral of $17.5 million, reflected in Cash, cash equivalents and restricted cash and Deposits, respectively, on its Condensed consolidated balance sheets.
Schedule of Derivative Instruments, Gain (Loss)	The following table presents the gains (losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Banking and service fees $ 27 $ 574 $ 417 $ 693 Mortgage banking and servicing rights income 98 125 606 410

STOCKHOLDERS_ EQUITY AND STOC_2

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Status and Changes in Restricted Stock Grants	The following table presents the status and changes in RSUs: RSUs Weighted-Average Non-vested balance at June 30, 2023 1,407,882 $ 41.53 Granted 958,682 44.90 Vested (568,077) 39.71 Forfeited (50,379) 40.43 Non-vested balance at March 31, 2024 1,748,108 $ 44.00
Schedule of Class of Treasury Stock	The following table presents common stock repurchases: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands except per share data) 2024 2023 2024 2023 Total repurchase $ 595 $ 31,605 $ 83,781 $ 31,605 Number of shares repurchased 12,101 849,081 2,267,610 849,081 Average price paid per share $ 49.22 $ 37.22 $ 36.95 $ 37.22

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted earnings per common share (“EPS”): Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2024 2023 2024 2023 Earnings Per Common Share Net income $ 110,720 $ 79,850 $ 345,136 $ 219,809 Average common shares issued and outstanding 56,932,050 59,930,634 57,699,236 59,928,263 Earnings per common share $ 1.94 $ 1.33 $ 5.98 $ 3.67 Diluted Earnings Per Common Share Net income $ 110,720 $ 79,850 $ 345,136 $ 219,809 Average common shares issued and outstanding 56,932,050 59,930,634 57,699,236 59,928,263 Dilutive effect of average unvested RSUs 1,105,648 696,766 1,008,579 667,151 Average dilutive common shares outstanding 58,037,698 60,627,400 58,707,815 60,595,414 Diluted earnings per common share $ 1.91 $ 1.32 $ 5.88 $ 3.63 Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) 723 2,776 24,524 33,297

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	The following table represents maturities of lease liabilities: (Dollars in thousands) As of Within one year $ 12,633 After one year and within two years 12,589 After two years and within three years 12,534 After three years and within four years 11,884 After four years within five years 10,510 After five years 14,751 Total lease payments 74,901 Less: amount representing interest (6,779) Total lease liability $ 68,122

SEGMENT REPORTING AND REVENUE_2

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 258,435 $ 7,133 $ (3,962) $ 261,606 Provision for credit losses 6,000 — — 6,000 Non-interest income 11,908 32,746 (11,491) 33,163 Non-interest expense 104,959 32,488 (4,219) 133,228 Income before taxes $ 159,384 $ 7,391 $ (11,234) $ 155,541 For the Three Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 196,249 $ 6,335 $ (3,602) $ 198,982 Provision for credit losses 5,500 — — 5,500 Non-interest income 10,685 38,298 (16,737) 32,246 Non-interest expense 98,252 25,138 (12,346) 111,044 Income before taxes $ 103,182 $ 19,495 $ (7,993) $ 114,684 For the Nine Months Ended March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 694,289 $ 18,755 $ (11,677) $ 701,367 Provision for credit losses 26,500 — — 26,500 Non-interest income 128,244 99,942 (36,387) 191,799 Non-interest expense 308,027 87,979 (20,433) 375,573 Income before taxes $ 488,006 $ 30,718 $ (27,631) $ 491,093 For the Nine Months Ended March 31, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 574,524 $ 15,486 $ (10,643) $ 579,367 Provision for credit losses 17,251 — — 17,251 Non-interest income 31,954 103,467 (47,638) 87,783 Non-interest expense 295,831 74,924 (35,597) 335,158 Income before taxes $ 293,396 $ 44,029 $ (22,684) $ 314,741 As of March 31, 2024 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 21,794,503 $ 816,409 $ 31,221 $ 22,642,133 As of June 30, 2023 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 19,396,167 $ 899,496 $ 52,806 $ 20,348,469
Schedule of Other Nonoperating Income (Expense)	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification (“ASC”) 606 for the periods indicated. For further information of the Company’s recognition of revenue and ASC 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” in the 2023 Form 10-K. For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2024 2023 2024 2023 Advisory fee income $ 8,105 $ 6,879 $ 23,686 $ 20,821 Broker-dealer clearing fees 4,885 6,228 16,488 15,886 Deposit service fees 525 623 3,619 3,931 Card fees 495 737 1,909 3,670 Bankruptcy trustee and fiduciary service fees 1,418 1,566 4,209 4,506 Non-interest income (in-scope of ASC 606) 15,428 16,033 49,911 48,814 Non-interest income (out-of-scope of ASC 606) 17,735 16,213 141,888 38,969 Total non-interest income $ 33,163 $ 32,246 $ 191,799 $ 87,783

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ in Thousands			3 Months Ended		9 Months Ended
	Dec. 07, 2023 USD ($) loanPortfolio	Aug. 23, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Asset Acquisition [Line Items]
Number of loan portfolio segments	2				6
Unpaid principal balance			$ 18,733,455		$ 18,733,455			$ 16,456,728
Allowance for credit losses at acquisition			257,522	$ 161,293	257,522	$ 161,293	$ 251,749	166,680	$ 157,218	$ 148,617
Gain on acquisition			0	0	92,397	0
Commercial Real Estate
Asset Acquisition [Line Items]
Allowance for credit losses at acquisition			$ 82,842	$ 68,386	$ 82,842	$ 68,386	$ 77,778	$ 72,755	$ 72,168	$ 69,339
Marine Floor Financing Loans
Asset Acquisition [Line Items]
Consideration transferred		$ 52,000
Intangible and Other Assets
Asset Acquisition [Line Items]
Consideration transferred		$ 2,000
Real Estate Loan Portfolios | PCD
Asset Acquisition [Line Items]
Unpaid principal balance	$ 341,301
Non-credit-related discount	100,686
Allowance for credit losses at acquisition	70,097
Real Estate Loan Portfolios | Commercial Real Estate
Asset Acquisition [Line Items]
Unpaid principal balance	1,300,000
Unpaid principal balance, fair value	901,500
Non-credit-related discount	306,800
Gain on acquisition	92,400
Real Estate Loan Portfolios | Commercial Real Estate | Interest Rate Swap
Asset Acquisition [Line Items]
Other assets—Derivative instruments	109,000
Accounts payable and other liabilities—Derivative instruments	$ 104,400

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisition (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 07, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Asset Acquisition [Line Items]
Unpaid principal balance	$ 18,733,455			$ 16,456,728
Allowance for credit losses at acquisition	$ (257,522)	$ (251,749)		$ (166,680)	$ (161,293)	$ (157,218)	$ (148,617)
Real Estate Loan Portfolios | PCD
Asset Acquisition [Line Items]
Unpaid principal balance			$ 341,301
Non-credit discount			(100,686)
Allowance for credit losses at acquisition			(70,097)
Purchase price			$ 170,518

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
ASSETS:
Trading securities	$ 592	$ 758
Fair Value	207,582	232,350
Loans held for sale	16,239	23,203
Agency MBS
ASSETS:
Fair Value	27,481	23,947
Non-Agency MBS
ASSETS:
Fair Value	176,679	205,005
Municipal
ASSETS:
Fair Value	3,422	3,398
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	592	758
Fair Value	30,903	27,345
Loans held for sale	16,239	23,203
Servicing rights	0	0
Other assets—Derivative instruments	106,392	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,635	691
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Fair Value	176,679	205,005
Loans held for sale	0	0
Servicing rights	28,130	25,443
Other assets—Derivative instruments	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring
ASSETS:
Trading securities	592	758
Fair Value	207,582	232,350
Loans held for sale	16,239	23,203
Servicing rights	28,130	25,443
Other assets—Derivative instruments	106,392	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,635	691
Recurring | Agency MBS
ASSETS:
Fair Value	27,481	23,947
Recurring | Non-Agency MBS
ASSETS:
Fair Value	176,679	205,005
Recurring | Municipal
ASSETS:
Fair Value	3,422	3,398
Recurring | Significant Other Observable Inputs (Level 2)
ASSETS:
Trading securities	592	758
Fair Value	30,903	27,345
Loans held for sale	16,239	23,203
Servicing rights	0	0
Other assets—Derivative instruments	106,392	919
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	102,635	691
Recurring | Significant Other Observable Inputs (Level 2) | Agency MBS
ASSETS:
Fair Value	27,481	23,947
Recurring | Significant Other Observable Inputs (Level 2) | Non-Agency MBS
ASSETS:
Fair Value	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Municipal
ASSETS:
Fair Value	3,422	3,398
Recurring | Significant Unobservable Inputs (Level 3)
ASSETS:
Trading securities	0	0
Fair Value	176,679	205,005
Loans held for sale	0	0
Servicing rights	28,130	25,443
Other assets—Derivative instruments	0	0
LIABILITIES:
Accounts payable and other liabilities—Derivative instruments	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Agency MBS
ASSETS:
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Non-Agency MBS
ASSETS:
Fair Value	176,679	205,005
Recurring | Significant Unobservable Inputs (Level 3) | Municipal
ASSETS:
Fair Value	$ 0	$ 0

FAIR VALUE - LEVEL 3 ASSETS MEA

FAIR VALUE - LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings—Mortgage banking income [Extensible Enumeration]	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income	Mortgage banking and servicing rights income
Included in other comprehensive income [Extensible Enumeration]	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)
Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 235,751	$ 200,667	$ 230,448	$ 212,491
Included in earnings—Mortgage banking and servicing rights income	(152)	(956)	213	(1,495)
Included in other comprehensive income	1,517	1,231	4,708	(3,384)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	239	30,152	2,474	30,558
Settlements	(32,546)	(54)	(33,034)	(7,130)
Closing balance	204,809	231,040	204,809	231,040
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(152)	(956)	213	(1,495)
Principal payments and loans that were paid down or paid off	400	200	900	700
Market-driven changes in interest rates	200	(100)	1,100	300
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	207,708	175,123	205,005	186,814
Included in earnings—Mortgage banking and servicing rights income	0	0	0	0
Included in other comprehensive income	1,517	1,231	4,708	(3,384)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	30,000	0	30,000
Settlements	(32,546)	(54)	(33,034)	(7,130)
Closing balance	176,679	206,300	176,679	206,300
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0	0	0
Recurring | Level 3 | Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	28,043	25,526	25,443	25,213
Included in earnings—Mortgage banking and servicing rights income	(152)	(282)	213	(375)
Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	239	152	2,474	558
Settlements	0	0	0	0
Closing balance	28,130	25,396	28,130	25,396
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	$ (152)	(282)	$ 213	(375)
Recurring | Level 3 | Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance		18		464
Included in earnings—Mortgage banking and servicing rights income		(674)		(1,120)
Included in other comprehensive income		0		0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions		0		0
Settlements		0		0
Closing balance		(656)		(656)
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period		$ (674)		$ (1,120)

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Mar. 31, 2024 USD ($) year a	Jun. 30, 2023 USD ($) year
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	$ 207,582	$ 232,350
Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	176,679	205,005
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	176,679	205,005
Servicing rights	28,130	25,443
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	207,582	232,350
Servicing rights	28,130	25,443
Recurring | Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	176,679	205,005
Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	176,679	205,005
Servicing rights	28,130	25,443
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities: Non-Agency MBS	$ 176,679	$ 205,005
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.623	0.597
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.428	0.320
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Default Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Default Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.256	0.075
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Constant Default Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.029	0.024
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Loss Severity | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Loss Severity | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.687	0.687
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Projected Loss Severity | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.337	0.285
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.025	0.026
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.065	0.075
Recurring | Level 3 | Available-for-sale Securities: Non-Agency MBS | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.025	0.027
Recurring | Level 3 | Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing rights	$ 28,130	$ 25,443
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.055	0.061
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.952	0.401
Recurring | Level 3 | Servicing Rights | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.118	0.126
Recurring | Level 3 | Servicing Rights | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.095
Recurring | Level 3 | Servicing Rights | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.112	0.115
Recurring | Level 3 | Servicing Rights | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.098	0.096
Recurring | Level 3 | Servicing Rights | Life (in years) | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	0.4	1.8
Recurring | Level 3 | Servicing Rights | Life (in years) | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	14.9	10.9
Recurring | Level 3 | Servicing Rights | Life (in years) | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	7.9	7.7

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 16,239		$ 16,239		$ 23,203
Contractual balance	15,784		15,784		22,844
Unrealized gain	455		455		$ 359
Interest income	208	$ 99	538	$ 252
Change in fair value	118	51	22	(280)
Total	$ 326	$ 150	$ 560	$ (28)

FAIR VALUE - ASSETS MEASURED FO

FAIR VALUE - ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,867	$ 8,099
Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,765	5,574
Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,102	1,133
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		0
Significant Other Observable Inputs (Level 2) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	2,867	8,099
Significant Unobservable Inputs (Level 3) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,765	5,574
Significant Unobservable Inputs (Level 3) | Multifamily real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Significant Unobservable Inputs (Level 3) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 1,102	$ 1,133

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Nonrecurring
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,867	$ 8,099
Other Real Estate Owned
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, valuation allowance	$ 1,700	$ 1,700

FAIR VALUE - QUANTITATIVE INF_2

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 2,867	$ 8,099
Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	1,765	5,574
Multifamily real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value		1,392
Level 3
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	2,867	8,099
Level 3 | Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 1,765	$ 5,574
Level 3 | Single family real estate | Differences between the comparable sales | Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.797	0.621
Level 3 | Single family real estate | Differences between the comparable sales | Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.974	0.936
Level 3 | Single family real estate | Differences between the comparable sales | Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input	0.797	0.621
Level 3 | Multifamily real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value		$ 1,392
Level 3 | Multifamily real estate | Differences between the comparable sales | Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.498
Level 3 | Multifamily real estate | Differences between the comparable sales | Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.545
Level 3 | Multifamily real estate | Differences between the comparable sales | Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.498

FAIR VALUE - ESTIMATED FAIR VAL

FAIR VALUE - ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS AT PERIOD-END (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Financial assets:
Trading securities	$ 592	$ 758
Available-for-sale securities	207,582	232,350
Stock of regulatory agencies	22,264	21,510
Loans held for sale, at fair value	16,239	23,203
Loans held for sale, lower of cost or fair value	0	776
Securities borrowed	105,853	134,339
Financial liabilities:
Securities loaned	119,800	159,832
Carrying Amount
Financial assets:
Cash, cash equivalents and restricted cash	2,345,911	2,382,086
Trading securities	592	758
Available-for-sale securities	207,582	232,350
Stock of regulatory agencies	22,264	21,510
Loans held for sale, at fair value	16,239	23,203
Loans held for sale, lower of cost or fair value		776
Loans held for investment—net	18,733,455	16,456,728
Securities borrowed	105,853	134,339
Customer, broker-dealer and clearing receivables	292,630	374,074
Servicing rights	28,130	25,443
Other assets—Derivative instruments	106,392	919
Financial liabilities:
Total deposits	19,103,532	17,123,108
Advances from the Federal Home Loan Bank	90,000	90,000
Borrowings, subordinated notes and debentures	330,389	361,779
Securities loaned	119,800	159,832
Customer, broker-dealer and clearing payables	387,176	445,477
Accounts payable and other liabilities—Derivative instruments	102,635	691
Total Fair Value
Financial assets:
Cash, cash equivalents and restricted cash	2,345,911	2,382,086
Trading securities	592	758
Available-for-sale securities	207,582	232,350
Stock of regulatory agencies	22,264	21,510
Loans held for sale, at fair value	16,239	23,203
Loans held for sale, lower of cost or fair value		780
Loans held for investment—net	18,692,795	16,417,183
Securities borrowed	111,696	143,461
Customer, broker-dealer and clearing receivables	303,516	386,082
Servicing rights	28,130	25,443
Other assets—Derivative instruments	106,392	919
Financial liabilities:
Total deposits	19,006,497	17,064,084
Advances from the Federal Home Loan Bank	83,966	83,192
Borrowings, subordinated notes and debentures	303,856	327,564
Securities loaned	119,584	159,416
Customer, broker-dealer and clearing payables	387,176	445,447
Accounts payable and other liabilities—Derivative instruments	102,635	691
Level 1
Financial assets:
Cash, cash equivalents and restricted cash	2,345,911	2,382,086
Trading securities	0	0
Available-for-sale securities	0	0
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value		0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Other assets—Derivative instruments	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Accounts payable and other liabilities—Derivative instruments	0	0
Level 2
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	592	758
Available-for-sale securities	30,903	27,345
Stock of regulatory agencies	22,264	21,510
Loans held for sale, at fair value	16,239	23,203
Loans held for sale, lower of cost or fair value		0
Loans held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Servicing rights	0	0
Other assets—Derivative instruments	106,392	919
Financial liabilities:
Total deposits	19,006,497	17,064,084
Advances from the Federal Home Loan Bank	83,966	83,192
Borrowings, subordinated notes and debentures	303,856	327,564
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Accounts payable and other liabilities—Derivative instruments	102,635	691
Level 3
Financial assets:
Cash, cash equivalents and restricted cash	0	0
Trading securities	0	0
Available-for-sale securities	176,679	205,005
Stock of regulatory agencies	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value		780
Loans held for investment—net	18,692,795	16,417,183
Securities borrowed	111,696	143,461
Customer, broker-dealer and clearing receivables	303,516	386,082
Servicing rights	28,130	25,443
Other assets—Derivative instruments	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	119,584	159,416
Customer, broker-dealer and clearing payables	387,176	445,447
Accounts payable and other liabilities—Derivative instruments	$ 0	$ 0

AVAILABLE-FOR-SALE SECURITIES -

AVAILABLE-FOR-SALE SECURITIES - AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 211,111	$ 240,951
Unrealized Gains	1,072	711
Unrealized Losses	(4,601)	(9,312)
Fair Value	207,582	232,350
Agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	30,121	27,024
Unrealized Gains	122	0
Unrealized Losses	(2,762)	(3,077)
Fair Value	27,481	23,947
Non-agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	177,236	210,271
Unrealized Gains	950	711
Unrealized Losses	(1,507)	(5,977)
Fair Value	176,679	205,005
Total mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	207,357	237,295
Unrealized Gains	1,072	711
Unrealized Losses	(4,269)	(9,054)
Fair Value	204,160	228,952
Municipal
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,754	3,656
Unrealized Gains	0	0
Unrealized Losses	(332)	(258)
Fair Value	$ 3,422	$ 3,398

AVAILABLE-FOR-SALE SECURITIES_2

AVAILABLE-FOR-SALE SECURITIES - NARRATIVE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, credit losses	$ 0	$ 0	$ 0	$ 0
Proceeds from sale of available-for-sale securities	0		4,800,000
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral	$ 800,000		$ 800,000		$ 900,000

AVAILABLE-FOR-SALE SECURITIES_3

AVAILABLE-FOR-SALE SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Fair Value
Less Than 12 Months	$ 13,057	$ 111,164
More Than 12 Months	156,653	119,425
Total	169,710	230,589
Gross Unrealized Losses
Less Than 12 Months	(53)	(1,824)
More Than 12 Months	(4,548)	(7,488)
Total	(4,601)	(9,312)
Agency
Fair Value
Less Than 12 Months	2,650	3,182
More Than 12 Months	19,725	20,642
Total	22,375	23,824
Gross Unrealized Losses
Less Than 12 Months	(26)	(16)
More Than 12 Months	(2,736)	(3,061)
Total	(2,762)	(3,077)
Non-agency
Fair Value
Less Than 12 Months	10,407	107,982
More Than 12 Months	133,506	95,385
Total	143,913	203,367
Gross Unrealized Losses
Less Than 12 Months	(27)	(1,808)
More Than 12 Months	(1,480)	(4,169)
Total	(1,507)	(5,977)
Total MBS
Fair Value
Less Than 12 Months	13,057	111,164
More Than 12 Months	153,231	116,027
Total	166,288	227,191
Gross Unrealized Losses
Less Than 12 Months	(53)	(1,824)
More Than 12 Months	(4,216)	(7,230)
Total	(4,269)	(9,054)
Municipal
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	3,422	3,398
Total	3,422	3,398
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	(332)	(258)
Total	$ (332)	$ (258)

AVAILABLE-FOR-SALE SECURITIES_4

AVAILABLE-FOR-SALE SECURITIES - UNREALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities—net unrealized gains (losses)	$ (3,529)	$ (8,601)
Available-for-sale securities—non-credit related	(845)	(845)
Subtotal	(4,374)	(9,446)
Tax benefit (expense)	1,310	2,836
Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)	$ (3,064)	$ (6,610)

AVAILABLE-FOR-SALE SECURITIES_5

AVAILABLE-FOR-SALE SECURITIES - INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Available-for-Sale, Fair Value
Amortized Cost	$ 211,111	$ 240,951
Available-for-Sale Amortized Cost
Total Amount	211,111
Due Within One Year	160,299
Due after One but within Five Years	35,492
Due after Five but within Ten Years	8,272
Due After Ten Years	7,048
Fair Value
Available-for-Sale, Fair Value
Amortized Cost	207,582
Due Within One Year	158,860
Due after One but within Five Years	34,292
Due after Five but within Ten Years	7,794
Due After Ten Years	6,636
Agency
Available-for-Sale, Fair Value
Amortized Cost	30,121	27,024
Due Within One Year	7,085
Due after One but within Five Years	13,840
Due after Five but within Ten Years	6,950
Due After Ten Years	2,246
Non-agency
Available-for-Sale, Fair Value
Amortized Cost	177,236	210,271
Due Within One Year	153,214
Due after One but within Five Years	21,652
Due after Five but within Ten Years	1,322
Due After Ten Years	1,048
Total mortgage-backed securities
Available-for-Sale, Fair Value
Amortized Cost	207,357	237,295
Due Within One Year	160,299
Due after One but within Five Years	35,492
Due after Five but within Ten Years	8,272
Due After Ten Years	3,294
Municipal
Available-for-Sale, Fair Value
Amortized Cost	3,754	$ 3,656
Due Within One Year	0
Due after One but within Five Years	0
Due after Five but within Ten Years	0
Due After Ten Years	$ 3,754

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)		3 Months Ended		9 Months Ended
	Dec. 07, 2023 loanPortfolio	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($) loan
Financing Receivable, Impaired [Line Items]
Number of loan portfolio segments	2			6
Accrued interest receivable on loans held for investments		$ 103,300,000		$ 103,300,000		$ 77,900,000
Advances, collateral pledged		5,226,400,000		5,226,400,000		5,128,400,000
FRBSF and FRB, loans pledged		7,834,900,000		7,834,900,000		3,689,500,000
Nonaccrual loans		0		0		0
Interest income recognized on nonaccrual loans		0	$ 0	0	$ 0
Loans past due ninety days or more and still accruing		49,300,000		49,300,000		14,100,000
Mortgage loans in process of foreclosure, amount		$ 29,300,000		$ 29,300,000		$ 17,700,000
Nonaccrual
Financing Receivable, Impaired [Line Items]
Ratio of nonaccrual loans and leases considered TDRs						1.77%
Period over which borrowers can make timely payments after TDR considered non-performing (in months)				6 months
Performing
Financing Receivable, Impaired [Line Items]
Number or TDRs classified as performing | loan						0

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOAN PORTFOLIO COMPOSITION (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 07, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 19,316,962			$ 16,652,026
Allowance for credit losses - loans	(257,522)	$ (251,749)		(166,680)	$ (161,293)	$ (157,218)	$ (148,617)
Unaccreted premiums (discounts) and loan fees	(325,985)			(28,618)
Total net loans	18,733,455			16,456,728
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,122,726			4,173,833
Allowance for credit losses - loans	(16,965)	(15,356)		(17,503)	(18,452)	(19,631)	(19,670)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,001,056			3,082,225
Allowance for credit losses - loans	(76,358)	(78,353)		(16,848)	(14,301)	(15,457)	(14,655)
Multifamily and Commercial Mortgage | Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	285,400
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	5,912,988			6,199,818
Allowance for credit losses - loans	(82,842)	(77,778)		(72,755)	(68,386)	(72,168)	(69,339)
Commercial Real Estate | Real Estate Loan Portfolios
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	44,500
Total net loans			$ 1,300,000
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,827,531			2,639,650
Allowance for credit losses - loans	(72,010)	(69,201)		(46,347)	(46,736)	(36,038)	(30,808)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	450,765			546,264
Allowance for credit losses - loans	(9,339)	(11,052)		(13,212)	(13,403)	(13,903)	(14,114)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,896			10,236
Allowance for credit losses - loans	$ (8)	$ (9)		$ (15)	$ (15)	$ (21)	$ (31)

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - COMPONENTS OF THE PROVISION FOR CREDIT LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total provision for credit losses	$ 6,000	$ 5,500	$ 26,500	$ 17,251
Provision for credit losses - loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total provision for credit losses	9,000	5,500	27,250	17,750
Provision for credit losses - unfunded lending commitments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total provision for credit losses	$ (3,000)	$ 0	$ (750)	$ (499)

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS BY PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 251,749	$ 157,218	$ 166,680	$ 148,617
Allowance for credit losses at acquisition of PCD loans	0		70,097
Provision (benefit) for credit losses - loans	6,000	5,500	26,500	17,251
Charge-offs	(4,005)	(2,422)	(8,773)	(6,953)
Recoveries	778	997	2,268	1,879
Balance, end of period	257,522	161,293	257,522	161,293
Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	9,000	5,500	27,250	17,750
Single Family - Mortgage & Warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	15,356	19,631	17,503	19,670
Allowance for credit losses at acquisition of PCD loans	0		0
Charge-offs	(90)	(9)	(170)	(307)
Recoveries	70	413	93	436
Balance, end of period	16,965	18,452	16,965	18,452
Single Family - Mortgage & Warehouse | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	1,629	(1,583)	(461)	(1,347)
Multifamily and Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	78,353	15,457	16,848	14,655
Allowance for credit losses at acquisition of PCD loans	0		58,972
Charge-offs	(139)	0	(139)	0
Recoveries	0	0	0	0
Balance, end of period	76,358	14,301	76,358	14,301
Multifamily and Commercial Mortgage | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	(1,856)	(1,156)	677	(354)
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	77,778	72,168	72,755	69,339
Allowance for credit losses at acquisition of PCD loans	0		11,125
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	82,842	68,386	82,842	68,386
Commercial Real Estate | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	5,064	(3,782)	(1,038)	(953)
Commercial & Industrial - Non-RE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	69,201	36,038	46,347	30,808
Allowance for credit losses at acquisition of PCD loans	0		0
Charge-offs	0	0	(86)	0
Recoveries	0	0	0	18
Balance, end of period	72,010	46,736	72,010	46,736
Commercial & Industrial - Non-RE | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	2,809	10,698	25,749	15,910
Auto & Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	11,052	13,903	13,212	14,114
Allowance for credit losses at acquisition of PCD loans	0		0
Charge-offs	(3,776)	(2,413)	(8,378)	(6,646)
Recoveries	708	584	2,175	1,425
Balance, end of period	9,339	13,403	9,339	13,403
Auto & Consumer | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	1,355	1,329	2,330	4,510
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	9	21	15	31
Allowance for credit losses at acquisition of PCD loans	0		0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	8	15	8	15
Other | Provision (benefit) for credit losses - loans
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision (benefit) for credit losses - loans	$ (1)	$ (6)	$ (7)	$ (16)

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 12,723	$ 10,474	$ 10,473	$ 10,973
Provision for credit losses - unfunded lending commitments	(3,000)	0	(750)	(499)
Balance, end of period	$ 9,723	$ 10,474	$ 9,723	$ 10,474

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES - REAL ESTATE LOANS, LTV RATIO (Details)	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	48.80%
Median LTV	53.10%
Effective weighted-average LTV	45.20%
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	56.20%
Median LTV	55%
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	55.20%
Median LTV	50%
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average LTV	39.40%
Median LTV	42%

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 19,316,962	$ 16,652,026
Nonaccrual loans to total loans	0.63%	0.52%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 4,122,726	$ 4,173,833
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,001,056	3,082,225
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,912,988	6,199,818
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,827,531	2,639,650
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	450,765	546,264
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,896	10,236
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	19,194,882	16,564,866
Performing | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,071,384	4,143,119
Performing | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,962,591	3,047,122
Performing | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,886,886	6,184,966
Performing | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,823,511	2,636,661
Performing | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	448,614	544,807
Performing | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,896	8,191
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	122,080	87,160
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	51,342	30,714
Nonaccrual | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	38,465	35,103
Nonaccrual | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	26,102	14,852
Nonaccrual | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,020	2,989
Nonaccrual | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,151	1,457
Nonaccrual | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 0	$ 2,045

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 3,036,168	$ 3,842,206
2023	3,500,589	5,386,784
2022	4,589,565	1,816,171
2021	1,519,199	867,067
2020	961,708	665,377
Prior	1,808,264	1,156,389
Revolving Loans	3,901,469	2,918,032
Total	19,316,962	$ 16,652,026
Gross charge-offs
2024	50
2023	2,664
2022	3,969
2021	1,294
2020	307
Prior	489
Revolving Loans	0
Total	$ 8,773
As a % of total gross loans
2024	15.72%	23.07%
2023	18.12%	32.35%
2022	23.76%	10.91%
2021	7.86%	5.21%
2020	4.98%	4%
Prior	9.36%	6.94%
Revolving Loans	20.20%	17.52%
Total	100%	100%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 405,277	$ 730,498
2023	629,957	1,359,272
2022	1,274,691	534,585
2021	497,858	347,145
2020	324,660	270,513
Prior	831,174	682,031
Revolving Loans	159,109	249,789
Total	4,122,726	4,173,833
Gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	170
Revolving Loans	0
Total	170
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	33,500	558,787
2023	771,243	988,022
2022	1,098,533	509,066
2021	655,391	354,600
2020	582,477	238,478
Prior	859,912	433,272
Revolving Loans	0	0
Total	4,001,056	3,082,225
Gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	139
Prior	0
Revolving Loans	0
Total	139
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,599,913	1,896,476
2023	1,468,905	2,395,722
2022	1,651,051	669,451
2021	268,071	114,016
2020	22,741	134,215
Prior	83,339	29,914
Revolving Loans	818,968	960,024
Total	5,912,988	6,199,818
Gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Total	0
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	953,015	488,120
2023	504,717	384,197
2022	367,210	30,809
2021	47,348	26,207
2020	15,835	2,098
Prior	16,014	0
Revolving Loans	2,923,392	1,708,219
Total	4,827,531	2,639,650
Gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	86
Revolving Loans	0
Total	86
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	44,442	162,604
2023	125,767	257,571
2022	198,080	70,909
2021	49,546	25,099
2020	15,995	20,073
Prior	16,935	10,008
Revolving Loans	0	0
Total	450,765	546,264
Gross charge-offs
2024	50
2023	2,664
2022	3,969
2021	1,294
2020	168
Prior	233
Revolving Loans	0
Total	8,378
Other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	21	5,721
2023	0	2,000
2022	0	1,351
2021	985	0
2020	0	0
Prior	890	1,164
Revolving Loans	0	0
Total	1,896	10,236
Gross charge-offs
2024	0
2023	0
2022	0
2021	0
2020	0
Prior	0
Revolving Loans	0
Total	0
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,005,016	3,812,433
2023	3,434,231	5,259,453
2022	4,430,576	1,754,423
2021	1,463,515	765,600
2020	877,922	620,062
Prior	1,680,382	1,054,716
Revolving Loans	3,852,256	2,910,818
Total	18,743,898	16,177,505
Pass | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	374,277	730,498
2023	629,673	1,346,804
2022	1,267,368	522,873
2021	497,858	324,458
2020	301,300	255,547
Prior	759,811	639,401
Revolving Loans	159,109	243,175
Total	3,989,396	4,062,756
Pass | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	33,500	558,787
2023	755,904	975,186
2022	1,091,283	498,744
2021	643,742	314,383
2020	547,393	224,592
Prior	836,844	404,222
Revolving Loans	0	0
Total	3,908,666	2,975,914
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,599,913	1,867,476
2023	1,450,248	2,323,095
2022	1,593,594	631,500
2021	227,171	87,059
2020	7,741	117,928
Prior	53,000	0
Revolving Loans	818,968	960,024
Total	5,750,635	5,987,082
Pass | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	953,015	488,120
2023	473,483	358,214
2022	281,867	29,777
2021	44,634	14,794
2020	5,719	2,098
Prior	13,025	0
Revolving Loans	2,874,179	1,707,619
Total	4,645,922	2,600,622
Pass | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	44,290	161,831
2023	124,923	256,154
2022	196,464	70,223
2021	49,125	24,906
2020	15,769	19,897
Prior	16,812	9,929
Revolving Loans	0	0
Total	447,383	542,940
Pass | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	21	5,721
2023	0	0
2022	0	1,306
2021	985	0
2020	0	0
Prior	890	1,164
Revolving Loans	0	0
Total	1,896	8,191
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,009	29,423
2023	3,368	69,251
2022	25,244	12,115
2021	1,800	29,593
2020	20,272	21,461
Prior	24,469	33,312
Revolving Loans	33,509	7,214
Total	139,671	202,369
Special Mention | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	31,000	0
2023	0	7,280
2022	0	7,026
2021	0	8,303
2020	9,015	12,942
Prior	20,706	18,244
Revolving Loans	0	6,614
Total	60,721	60,409
Special Mention | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	1,282	9,691
2022	0	4,636
2021	0	1,360
2020	1,131	7,705
Prior	3,738	0
Revolving Loans	0	0
Total	6,151	23,392
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	29,000
2023	0	43,427
2022	16,035	0
2021	0	8,457
2020	0	800
Prior	0	15,062
Revolving Loans	0	0
Total	16,035	96,746
Special Mention | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	1,763	8,221
2022	8,624	0
2021	1,682	11,413
2020	10,116	0
Prior	0	0
Revolving Loans	33,509	600
Total	55,694	20,234
Special Mention | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9	423
2023	323	632
2022	585	453
2021	118	60
2020	10	14
Prior	25	6
Revolving Loans	0	0
Total	1,070	1,588
Special Mention | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024	143	350
2023	62,990	58,080
2022	133,745	49,633
2021	53,884	71,874
2020	63,514	23,854
Prior	103,413	68,361
Revolving Loans	15,704	0
Total	433,393	272,152
Substandard | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	284	5,188
2022	7,323	4,686
2021	0	14,384
2020	14,345	2,024
Prior	50,657	24,386
Revolving Loans	0	0
Total	72,609	50,668
Substandard | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	14,057	3,145
2022	7,250	5,686
2021	11,649	38,857
2020	33,953	6,181
Prior	19,330	29,050
Revolving Loans	0	0
Total	86,239	82,919
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	18,657	29,200
2022	41,422	37,951
2021	40,900	18,500
2020	15,000	15,487
Prior	30,339	14,852
Revolving Loans	0	0
Total	146,318	115,990
Substandard | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	29,471	17,762
2022	76,719	1,032
2021	1,032	0
2020	0	0
Prior	2,989	0
Revolving Loans	15,704	0
Total	125,915	18,794
Substandard | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	143	350
2023	521	785
2022	1,031	233
2021	303	133
2020	216	162
Prior	98	73
Revolving Loans	0	0
Total	2,312	1,736
Substandard | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	2,000
2022	0	45
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	2,045
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	0
2023	0	0
2022	0	0
2021	0	0
2020	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT_11

LOANS & ALLOWANCE FOR CREDIT LOSSES - PAST DUE LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Total	$ 19,316,962	$ 16,652,026
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	4,122,726	4,173,833
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	4,001,056	3,082,225
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,912,988	6,199,818
Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	4,827,531	2,639,650
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	450,765	546,264
Other
Financing Receivable, Past Due [Line Items]
Total	1,896	10,236
Current
Financing Receivable, Past Due [Line Items]
Total	$ 19,041,888	$ 16,508,938
As a % of total gross loans	98.58%	99.14%
Current | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,000,039	$ 4,102,150
Current | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,943,570	3,048,217
Current | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,825,204	6,173,716
Current | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	4,826,499	2,639,650
Current | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	444,680	537,181
Current | Other
Financing Receivable, Past Due [Line Items]
Total	1,896	8,024
30-59 Days
Financing Receivable, Past Due [Line Items]
Total	$ 79,636	$ 41,384
As a % of total gross loans	0.41%	0.25%
30-59 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 56,839	$ 20,832
30-59 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	12,566	2,705
30-59 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	6,500	11,250
30-59 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	3,731	6,529
30-59 Days | Other
Financing Receivable, Past Due [Line Items]
Total	0	68
60-89 Days
Financing Receivable, Past Due [Line Items]
Total	$ 34,717	$ 10,803
As a % of total gross loans	0.18%	0.06%
60-89 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 2,287	$ 7,971
60-89 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	10,337	1,124
60-89 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	20,932	0
60-89 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,161	1,707
60-89 Days | Other
Financing Receivable, Past Due [Line Items]
Total	0	1
90+ Days
Financing Receivable, Past Due [Line Items]
Total	$ 160,721	$ 90,901
As a % of total gross loans	0.83%	0.55%
90+ Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 63,561	$ 42,880
90+ Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	34,583	30,179
90+ Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	60,352	14,852
90+ Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	1,032	0
90+ Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,193	847
90+ Days | Other
Financing Receivable, Past Due [Line Items]
Total	0	2,143
Total
Financing Receivable, Past Due [Line Items]
Total	$ 19,316,962	$ 16,652,026
As a % of total gross loans	100%	100%
Total | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 4,122,726
Total | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	4,001,056
Total | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,912,988
Total | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	4,827,531
Total | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	450,765
Total | Other
Financing Receivable, Past Due [Line Items]
Total	$ 1,896

DERIVATIVES - Schedule of Fair

DERIVATIVES - Schedule of Fair Values and Notional Amounts (Details) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
Derivative [Line Items]
Derivative instruments in hedges, at fair value, net	$ 0	$ 0
Cash collateral posted	26,300,000
Cash collateral received	17,500,000
Interest Rate Contracts
Derivative [Line Items]
Other Assets — Interest Rate Derivative Assets1 — Fair Value	106,392,000	919,000
Accounts Payable and Other Liabilities — Interest Rate Derivative Liabilities1 — Fair Value	102,635,000	691,000
Interest Rate Derivative Assets — Notional	1,205,097,000	231,709,000
Interest Rate Derivative Liabilities — Notional	$ 1,184,103,000	$ 204,522,000

DERIVATIVES - Schedule of Gains

DERIVATIVES - Schedule of Gains (Losses) of Derivatives Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Banking and service fees
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivative, net	$ 27	$ 574	$ 417	$ 693
Mortgage banking and servicing rights income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivative, net	$ 98	$ 125	$ 606	$ 410

STOCKHOLDERS_ EQUITY AND STOC_3

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - NARRATIVE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Feb. 12, 2024	Nov. 09, 2023
Stock Incentive Plan, 2014
Stock Award Compensation Expense
Share-based compensation arrangement by share-based payment award, number of shares authorized						1,000,000
RSUs
Stock Award Compensation Expense
Total fair value of shares vested	$ 10,300,000	$ 7,600,000	$ 25,200,000	$ 19,700,000
RSUs | Stock Incentive Plan, 2014
Stock Award Compensation Expense
Share-based compensation arrangement by share-based payment award, number of shares available for grant	1,637,528,000		1,637,528,000
Unrecognized compensation expense	$ 62,100,000		$ 62,100,000
Weighted-average remaining time period			1 year 3 months 18 days
Common Stock
Stock Award Compensation Expense
Stock repurchase program, maximum amount authorized					$ 100,000,000
Remaining amount under board authorization	$ 19,800,000		$ 19,800,000

STOCKHOLDERS_ EQUITY AND STOC_4

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - Common Stock Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Stock Award Compensation Expense
Total repurchase	$ 595	$ 31,605	$ 83,781	$ 31,605
Common Stock
Stock Award Compensation Expense
Total repurchase	$ 595	$ 31,605	$ 83,781	$ 31,605
Number of shares repurchased (in shares)	12,101	849,081	2,267,610	849,081
Average price paid per share (in dollars per share)	$ 49.22	$ 37.22	$ 36.95	$ 37.22

STOCKHOLDERS_ EQUITY AND STOC_5

STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION - CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - RSUs	9 Months Ended
	Mar. 31, 2024 $ / shares shares
RSUs
Non-vested balance, beginning (in shares) | shares	1,407,882
Granted (in shares) | shares	958,682
Vested (in shares) | shares	(568,077)
Forfeited (in shares) | shares	(50,379)
Non-vested balance, ending (in shares) | shares	1,748,108
Weighted-Average Grant-Date Fair Value
Non-vested balance, beginning (in dollars per share) | $ / shares	$ 41.53
Granted (in dollars per share) | $ / shares	44.90
Vested (in dollars per share) | $ / shares	39.71
Forfeited (in dollars per share) | $ / shares	40.43
Non-vested balance, ending (in dollars per share) | $ / shares	$ 44

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Common Share
Net income	$ 110,720	$ 79,850	$ 345,136	$ 219,809
Average common shares outstanding (in shares)	56,932,050	59,930,634	57,699,236	59,928,263
Basic earnings per common share (in dollars per share)	$ 1.94	$ 1.33	$ 5.98	$ 3.67
Diluted Earnings Per Common Share
Net income	$ 110,720	$ 79,850	$ 345,136	$ 219,809
Average common shares issued and outstanding (in shares)	56,932,050	59,930,634	57,699,236	59,928,263
Total dilutive common shares outstanding (in shares)	58,037,698	60,627,400	58,707,815	60,595,414
Diluted earnings per common share (in dollars per share)	$ 1.91	$ 1.32	$ 5.88	$ 3.63
Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) (in shares)	723	2,776	24,524	33,297
RSUs
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	1,105,648	696,766	1,008,579	667,151

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Within one year	$ 12,633
After one year and within two years	12,589
After two years and within three years	12,534
After three years and within four years	11,884
After four years within five years	10,510
After five years	14,751
Total lease payments	74,901
Less: amount representing interest	(6,779)
Total lease liability	$ 68,122

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details) - USD ($) $ in Millions		12 Months Ended
	Mar. 26, 2024	Jun. 30, 2023	Mar. 31, 2024
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risk, ratio of commitments to originate loans to commitments to sell			54%
MUFG Union Bank v. Axos Bank
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Damages vacated	$ 2.5
Accrued litigation expense		$ 16
General and administrative expense		$ 16
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			$ 3,676.5
Loan Origination Commitments | Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other commitment			15.9
Loan Origination Commitments | Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			$ 95.1
Weighted average fixed interest rate on commitments to extend credit			8.71%
Loan Origination Commitments | Fixed Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment			$ 34.7
Loan Origination Commitments | Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			$ 3,581.4

SEGMENT REPORTING AND REVENUE_3

SEGMENT REPORTING AND REVENUE INFORMATION - SEGMENT REPORTING INFORMATION, BY SEGMENT (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			2
Segment Reporting Information [Line Items]
Net interest income	$ 261,606	$ 198,982	$ 701,367	$ 579,367
Provision for credit losses	6,000	5,500	26,500	17,251
Non-interest income	33,163	32,246	191,799	87,783
Non-interest expense	133,228	111,044	375,573	335,158
INCOME BEFORE INCOME TAXES	155,541	114,684	491,093	314,741
Goodwill	97,673		97,673		$ 97,673
Total Assets	22,642,133		22,642,133		20,348,469
Operating segments | Banking Business
Segment Reporting Information [Line Items]
Net interest income	258,435	196,249	694,289	574,524
Provision for credit losses	6,000	5,500	26,500	17,251
Non-interest income	11,908	10,685	128,244	31,954
Non-interest expense	104,959	98,252	308,027	295,831
INCOME BEFORE INCOME TAXES	159,384	103,182	488,006	293,396
Goodwill	35,721		35,721		35,721
Total Assets	21,794,503		21,794,503		19,396,167
Operating segments | Securities Business
Segment Reporting Information [Line Items]
Net interest income	7,133	6,335	18,755	15,486
Provision for credit losses	0	0	0	0
Non-interest income	32,746	38,298	99,942	103,467
Non-interest expense	32,488	25,138	87,979	74,924
INCOME BEFORE INCOME TAXES	7,391	19,495	30,718	44,029
Goodwill	61,952		61,952		61,952
Total Assets	816,409		816,409		899,496
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(3,962)	(3,602)	(11,677)	(10,643)
Provision for credit losses	0	0	0	0
Non-interest income	(11,491)	(16,737)	(36,387)	(47,638)
Non-interest expense	(4,219)	(12,346)	(20,433)	(35,597)
INCOME BEFORE INCOME TAXES	(11,234)	$ (7,993)	(27,631)	$ (22,684)
Goodwill	0		0		0
Total Assets	$ 31,221		$ 31,221		$ 52,806

SEGMENT REPORTING AND REVENUE_4

SEGMENT REPORTING AND REVENUE INFORMATION - NON-INTEREST INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting [Abstract]
Advisory fee income	$ 8,105	$ 6,879	$ 23,686	$ 20,821
Broker-dealer clearing fees	4,885	6,228	16,488	15,886
Deposit service fees	525	623	3,619	3,931
Card fees	495	737	1,909	3,670
Bankruptcy trustee and fiduciary service fees	1,418	1,566	4,209	4,506
Non-interest income (in-scope of ASC 606)	15,428	16,033	49,911	48,814
Non-interest income (out-of-scope of ASC 606)	17,735	16,213	141,888	38,969
Total non-interest income	$ 33,163	$ 32,246	$ 191,799	$ 87,783

BORROWINGS, SUBORDINATED NOTE_2

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Details) - USD ($) $ in Thousands		9 Months Ended
	Mar. 06, 2024	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Repayments of subordinated debt		$ 4,213	$ 0
Gain(loss) on extinguishment		$ 742	$ 0
Subordinated notes
Debt Instrument [Line Items]
Repayments of subordinated debt	$ 4,200
Debt instrument, repurchased face amount	$ 5,000
Interest rate (as a percentage)	4%
Gain(loss) on extinguishment	$ 700